From the perspective of gold trend, after three trading days of shocks and consolidation, this trading day also chose to break upward. After breaking through the pressure near 3030/32, it inertially rushed up to 3056, which is only one step away from the historical high.
Gold broke out of the upward trend mainly driven by risk aversion. Russia, Ukraine and Gaza opened fire again. The originally planned peace talks did not achieve substantial results, so the current market risk aversion pushed gold upward again. Gold strengthened again after breaking through the convergence triangle.
Gold can be shorted in the short term, sl: 3063 tp: 3042
Gold broke out of the upward trend mainly driven by risk aversion. Russia, Ukraine and Gaza opened fire again. The originally planned peace talks did not achieve substantial results, so the current market risk aversion pushed gold upward again. Gold strengthened again after breaking through the convergence triangle.
Gold can be shorted in the short term, sl: 3063 tp: 3042
Note
Gold is worth shorting at a high level
Note
Gold experienced a wave of decline after reaching around 3056. It is still fluctuating, but there is still room for decline.Trade active
Gold's 5-minute chart continues to fall, and our short order profits continue to increase
Note
My technical analysis is never ambiguous. If you don't pay attention to me, it's your loss.Note
The current profit of gold short order is 14 pointsTrade closed: target reached
We are placing a short gold position near 3053 and have reached the take profit position.Note
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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.