The gold 1-hour moving average is still in a downward dead cross short arrangement, and the gold short strength is still there. The gold moving average resistance has now moved down to around 3002. After gold fell below 3000, gold accelerated its decline again, indicating that gold is still at an important level around 3000. The volatility of gold has only increased recently, so don't think that the market has reversed because it seems to have rebounded a lot. The recent fluctuations of tens of dollars in the gold market are normal.
Trading ideas: short gold around 3000, stop loss 3010, target 2970
Trading ideas: short gold around 3000, stop loss 3010, target 2970
Trade active
I think gold can be shorted on ralliesNote
Gold was directly shorted around 3010
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🔴I can help you with 10 years of trading experience
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t.me/Mentor45689
✅Finding an experienced professional trader would be a wise choice!
🔴I can help you with 10 years of trading experience
✅Finding an experienced professional trader would be a wise choice!
🔴I can help you with 10 years of trading experience
Related publications
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.