Gold rose to the 3040-3050 area as expected. The tariff issue also stimulated the bullish sentiment in the gold market. The current price is not a good entry point for both long and short parties.
Another point that everyone must be more concerned about is whether gold will rise again and break through and set a new high! I think it is not easy to draw a conclusion at present, because there is still resistance in the 3060-3075 area above. Only if gold successfully breaks through this resistance area, then gold will have the possibility of continuing to rise and set a new high;
At present, the gold bull-bear dividing line is in the 3060-3070 area. When gold touches this area, we can start to try to short gold; the first focus below is the 3025-3015 support area. If gold falls back to this area first, we might as well try to go long gold again in small batches.
The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
Another point that everyone must be more concerned about is whether gold will rise again and break through and set a new high! I think it is not easy to draw a conclusion at present, because there is still resistance in the 3060-3075 area above. Only if gold successfully breaks through this resistance area, then gold will have the possibility of continuing to rise and set a new high;
At present, the gold bull-bear dividing line is in the 3060-3070 area. When gold touches this area, we can start to try to short gold; the first focus below is the 3025-3015 support area. If gold falls back to this area first, we might as well try to go long gold again in small batches.
The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
Trade active
Gold has reached the 3060-3070 area as expected. In this area, we can try to short gold with a light position.Trade closed: target reached
If you followed my trading strategy today and shorted gold at 3060-3070, and used the 3035-3025 area as support and went long gold around 3040, I believe you would have made considerable profits on both the long and short trades. Congratulations!The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
There are already 1000+ traders making huge profits in the group, and the strategy verification rate is over 90%, so novices can easily make profits! Telegram group: t.me/Marvin_9240
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There are already 1000+ traders making huge profits in the group, and the strategy verification rate is over 90%, so novices can easily make profits! Telegram group: t.me/Marvin_9240
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.