Gold has a 4-hour high top structure, at least it has not broken through yet, don't speculate on the breakthrough, if it really breaks through, go long. Gold's historical highs are under pressure one after another, go short first.
If the gold price does not break the new high, continue to stick to the high-altitude thinking, and gold will most likely continue to adjust.
Gold 2520-25 short, stop loss 2530, target 2500-2490;
Trade active
Approaching the targetTrade active
waitingTrade active
SELLTrade active
I added to my short positionTrade closed: stop reached
The market breaks upward, and the short position ends
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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.