Gold's 1-hour moving average continues to cross upward bullish divergence, and the gold bullish volume is still there. After breaking through 3400, gold has basically stabilized at 3400. Gold has also tested the support near 3405 several times in the US market. Gold continues to stabilize and rise. However, gold is now far away from the moving average, and we must always pay attention to the adjustment of the high position. Gold is watching the pressure around 3461
Note
I think gold can be shorted on ralliesTrade active
Try to short gold with a light position near 3495-3500, target near 3470-50, stop loss at 3510Note
Although there is currently no obvious signal of gold peaking, we should still pay attention to the risk of a correction after a short-term rise.Note
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If you think my analysis is good, you can check out my profile, there are surprises thereNote
Gold 5-minute chart shows a sharp drop
Note
Very good, our gold short position is currently profitable 15 pointsNote
What should you pay attention to when you trade gold? You need to follow an experienced veteran and you will avoid a lot of losses. You can take a look at my profile, there is a place there that can help you make moneyNote
Gold is currently falling and hitting my target area
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.
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.