The 1-hour moving average of gold continues to form a downward short position, and there is still room for gold shorts. Gold came under pressure at the 3270 line last week and fell back. Currently, the 1-hour gold is still fluctuating within a range. It is still mainly short above the rebound of gold.
Trading ideas: Short gold near 3270, stop loss 3280, target 3240
Note
Gold 5-minute chart falls rapidly
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After a brief rebound, gold can still be shorted at highsNote
Gold continues to fall rapidly after rebounding to around 3270. Our short orders are making profits. Congratulations to our friends who have followed the short position.Note
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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.