💡Today, gold hit a low of around 2980 during its decline. Obviously, gold's decline has not reached its peak! There is still demand for gold to continue to retreat.
💡At present, gold has rebounded to above 2998 again, but gold has not broken through the 3005-3010 zone during multiple rebound tests. The upper space has been compressed smaller and smaller, and the bullish momentum has been largely consumed. Gold is expected to seek a breakthrough downward;
💡In the process of multiple rebounds, the momentum of the rebound has gradually weakened, the bull market confidence above 3000 is not strong, the confidence of bulls is not firm, and after the profit realization and selling psychology gradually gain the upper hand, gold is likely to have a flash crash!
📉So we can short gold in the 3000-3010 zone! The first target: 2985-2975, followed by 2965-2955
📞Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
💡At present, gold has rebounded to above 2998 again, but gold has not broken through the 3005-3010 zone during multiple rebound tests. The upper space has been compressed smaller and smaller, and the bullish momentum has been largely consumed. Gold is expected to seek a breakthrough downward;
💡In the process of multiple rebounds, the momentum of the rebound has gradually weakened, the bull market confidence above 3000 is not strong, the confidence of bulls is not firm, and after the profit realization and selling psychology gradually gain the upper hand, gold is likely to have a flash crash!
📉So we can short gold in the 3000-3010 zone! The first target: 2985-2975, followed by 2965-2955
📞Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Trade active
Bros, gold has rebounded to around 3001 again. At present, gold does not have enough momentum to continue to break upward, and even several attempts have failed to reach the previous high near 2904. So I have reason to believe that now is a good time to short gold. We can short gold now!Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
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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.
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.