https://www.tradingview.com/x/o371RZKU/
📊Technical aspects
Friends, when everyone is bullish, it is precisely the time for us to go short. There is pressure at the 3350 line, and we should go short when it is high.
In the previous viewpoint this morning, the four-way downward channel trend showed a downward trend of gold. The viewpoint is that gold cannot blindly chase highs. The decline makes us a stable trading idea. The strategy gives a short position near 3340-3350 US dollars. I believe that everyone has gained something from the short position. So how should we look at the direction after the profit?
Technically, gold has failed to hit the 3350 level many times at the daily level, showing that the resistance at this position is strong. The 30-minute moving average system is in a short position arrangement, and the short-term moving average forms a dead cross with the long-term moving average. Then our current strategy remains unchanged. Don't chase the rise, and still need a steady correction to bearish.
💰 Strategy Package
Short Position：3300-3315，3320-3350
📊Technical aspects
Friends, when everyone is bullish, it is precisely the time for us to go short. There is pressure at the 3350 line, and we should go short when it is high.
In the previous viewpoint this morning, the four-way downward channel trend showed a downward trend of gold. The viewpoint is that gold cannot blindly chase highs. The decline makes us a stable trading idea. The strategy gives a short position near 3340-3350 US dollars. I believe that everyone has gained something from the short position. So how should we look at the direction after the profit?
Technically, gold has failed to hit the 3350 level many times at the daily level, showing that the resistance at this position is strong. The 30-minute moving average system is in a short position arrangement, and the short-term moving average forms a dead cross with the long-term moving average. Then our current strategy remains unchanged. Don't chase the rise, and still need a steady correction to bearish.
💰 Strategy Package
Short Position：3300-3315，3320-3350
Trade active
Gold continues to fall
Every opening of a position is a dialogue with probability, and every transaction is the realization of cognition.
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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.
Every opening of a position is a dialogue with probability, and every transaction is the realization of cognition.
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.