Keep shorting gold, keep making money
On Thursday, data showed that inflation was cooling but the labor market remained tight. Gold is currently hovering near a one-month high, reaching a high near 1963. The U.S. dollar index fell below the 100 mark for the first time in 14 months, its lowest level in more than a year, amid expectations that the Fed may soon end its rate hike cycle.
The so-called craziest time in the market may be the most dangerous moment, especially when the US dollar has fallen below the 100 mark and the entire non-U.S. market has reached new highs, I think the danger is coming. In my opinion, the US dollar may be facing the last drop here, and it will start to reverse later.
As far as gold is concerned, it is obvious that it cannot be chased at the moment. The area above 1965 is obviously suppressed by the daily moving average. Before the entity stands above 1965, gold may fall at any time.
So at present, I suggest that you can short gold in batches in the 1960-65 interval. The first target is the 1948-50 area, and the second is the 1938-40 area.
For more trading signals and trading plans, you can follow the bottom of the article to view the details!
The so-called craziest time in the market may be the most dangerous moment, especially when the US dollar has fallen below the 100 mark and the entire non-U.S. market has reached new highs, I think the danger is coming. In my opinion, the US dollar may be facing the last drop here, and it will start to reverse later.
As far as gold is concerned, it is obvious that it cannot be chased at the moment. The area above 1965 is obviously suppressed by the daily moving average. Before the entity stands above 1965, gold may fall at any time.
So at present, I suggest that you can short gold in batches in the 1960-65 interval. The first target is the 1948-50 area, and the second is the 1938-40 area.
For more trading signals and trading plans, you can follow the bottom of the article to view the details!
Trade active:
Remember to short gold in batches in the 1960-65 interval
Trade active:
Gold falls as expected, continues to take profits in gold trading
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