Gold rose all the way today, but did not continue to break through when approaching the short-term resistance area. I think we can boldly short gold now.
After touching 2880, gold was pulled back to the previous oscillation range. It was just a rebound in the case of risk aversion, not a reversal of the bulls. So before breaking through the key resistance area, the 2920-2930 area is a good time to short gold. After the news is digested by the market, I expect gold to at least retrace to the 2910-2900 area. So for short-term trading, we can boldly short gold in the 2920-2930 area.
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Strive for weekly trading profit: $40000, are you interested in joining this goal? Free signals in Telegram:
t.me/+alDpuIRD9vU4MWQx
t.me/+alDpuIRD9vU4MWQx
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.