Gold's 30-minute rise is no longer strong enough and is beginning to be suppressed by the downward trend line. Gold's 30-minute moving average is about to form a dead cross. If a dead cross is formed, gold will have room to fall again. The resistance of the gold trend line has now moved down to 2325.
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You can short near 2320Trade active
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If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every dayNote
The Bollinger Bands of gold are now horizontal, and the upper and lower rails are natural support and resistance. Therefore, the price of gold is also in a volatile trend, so we choose to go short.Note
Gold trading requires strict stop-profit and stop-loss rules. If you are unable to judge, you can click on the link below my article and you can refer to the trading views inside.Note
Gold short orders are making profitTrade active
Trade active
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The fall in gold was expected by meNote
For those who have insufficient trading ability, you can slowly stop profitsNote
If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every dayNote
Gold short orders continue to expand profitsNote
Gold short orders make huge profitsNote
Arrive near target 2305Note
You can click on the link below my article and I will share trading ideas every day. You can use it as a trading reference. I hope it will be helpful to you.Note
Gold has rebounded in the short term, but it is still time to look for opportunities to short at high levels.Note
Note
Gold's 30-minute moving average is arranged in a dead cross, and gold's 30-minute moving average still fluctuates downward under the suppression of the downward trend line. Gold is still a bearish trend in the short term. Gold continues to be bearish, and gold’s rebound highs are gradually lowering.Note
The pressure level of gold is around 2321, so you can go short on rallies below 2321
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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.