Today, the short gold position has made a profit of 15 points

Gold's 1-hour moving average continues to show signs of turning downward. If gold once forms a dead cross downward in 1 hour, then gold shorts will have an advantage. The 1-hour downward trend line of gold also suppresses gold's rebound. Gold can still continue to short on the rebound. The gold trend suppression is now down to around 3108

Trade active

Trading idea: short gold near 3108, stop loss 3118, target 3085

Note

The above is purely a sharing of personal views and does not constitute trading advice. Investments are risky and you are responsible for your profits and losses.

Note

Gold begins to fall after rebounding to the area near 3108

Note

Gold continues to fall on the 5-minute chart

Note

Gold is getting closer and closer to the take profit position

Trade closed: target reached

Our gold short order has made a huge profit again

Note

Gold bulls have rebounded strongly, and gold still has room to rebound.

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