Continue shorting gold and reap good profits
Updated
Dear friends, today we shorted gold in the 2263-2265 area and set TP: 2245, making a profit of 18 points and successfully making a profit of 10K, which is a good gain. After touching 2245TP, I used small batch trading lots to chase short gold at 2246 and 2237 respectively, and set TP: 2225. Because gold only touched the lowest position near 2228, these two transactions have not ended yet.but overall there is still a floating profit of 1K.
https://www.tradingview.com/x/6tlxqGVg/
According to the current trend, although gold has strongly touched a new high of 2265, relatively speaking, I do not advocate continuing to chase long gold at high levels. At present, the hourly and 4-hour graphics show that gold has not yet been adjusted in place, and there is still room for adjustment. This is why I set 2225TP above. Moreover, the sustainability of the risk-off market remains to be considered. Once gold confirms a short-term top, the magnitude of the decline cannot be underestimated.
So relatively speaking, I still insist on shorting gold at high levels; I share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
https://www.tradingview.com/x/6tlxqGVg/
According to the current trend, although gold has strongly touched a new high of 2265, relatively speaking, I do not advocate continuing to chase long gold at high levels. At present, the hourly and 4-hour graphics show that gold has not yet been adjusted in place, and there is still room for adjustment. This is why I set 2225TP above. Moreover, the sustainability of the risk-off market remains to be considered. Once gold confirms a short-term top, the magnitude of the decline cannot be underestimated.
So relatively speaking, I still insist on shorting gold at high levels; I share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Trade active
Gold is currently continuing its correction. Although the current downward momentum has slowed down, as the bullish momentum is gradually consumed and long upper shadow lines appear multiple times, the gold resistance area will gradually move downwards, and gold will continue its correction.It could even hit the 2225-2220 area.Trade active
Gold is currently suppressed by the 2240-2245 area in the short term.Trade active
Gold's upward momentum is gradually weakening, which is more conducive to gold's correctionTrade active
If gold rebounds in the short term, then we can consider continuing to short gold around the 2250 positionTrade active
Gold is currently continuing its short-term rebound. We look forward to gold rebounding to the 2250-2255 area again. That will be a good opportunity for us to short gold again.Trade active
Gold has now touched the 2250-2255 area. We can start shorting gold in small batches.Trade active
At present, gold has fallen back again after hitting around 2255.
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