Gold has a multiple top structure at a high level in the 4-hour period, and the 4-hour moving average of gold still shows signs of turning downward. Considering the comprehensive data later, the probability of being lower than the previous value is very small, and the probability of being between the middle value is very high, and it is expected to fall back first.
So in terms of trading strategy, you can choose to go short first.
Gold 2520-2025 short, stop loss 2530, target 2500-2490;
At the same time, the strong support below is around 2490-93. If it is not broken, you can go long at that time
Trade active
sellTrade active
Pay attention to the target positionTrade closed: target reached
Reach the targetTrade active
2490-93 is still a strong support. Friends who want to go long can participate with a light positionTrade active
waitingTrade active
The market is rising slowly as expectedTrade active
The target position can be seen at 2508-14Trade closed: target reached
The target position has been reached
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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.