Will gold fall again after stabilizing and rebounding?
In terms of short-term gold operation ideas, it is recommended to short on rebounds and long on pullbacks. The short-term focus on the upper side is the 2916-2920 line of resistance, and the short-term focus on the lower side is the 2890-2895 line of support. It is necessary to control the position and stop loss, and set a stop loss strictly.
Short order strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2916-2920, stop loss 6 points, target around 2900-2895, break to see 2890 line;
Long order strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 2890-2893, stop loss 6 points, target around 2900-2910, break to see 2915 line;
Short order strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2916-2920, stop loss 6 points, target around 2900-2895, break to see 2890 line;
Long order strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 2890-2893, stop loss 6 points, target around 2900-2910, break to see 2915 line;
Trade active
Gold is currently at the best entry point. Buy directly at 2900-05, with a target price of 2950. You can get the accurate trading strategy in my link.
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t.me/KevinTaylor999
Free trading strategies
t.me/KevinTaylor999
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100% accurate trading signals
Free trading strategies
t.me/KevinTaylor999
Free trading strategies
t.me/KevinTaylor999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.