https://www.tradingview.com/x/APQQmtJq/
📊Technical aspects
Gold is still in the weekly adjustment pattern. The current rise is still running within a large range of fluctuations. It has not gone out of a clear unilateral market, nor does it have the conditions to go out of a unilateral market. In this oscillating situation, long and short positions switch back and forth.
Next, focus on the performance of gold under pressure in the 3350 area. If the secondary high point is formed near 3350, or if it breaks through 3350 again and then falls back, the short-term short signal is an opportunity to intervene and short. Gold will also face weekly adjustments in June. Therefore, near the 3350 area, do not chase high. Even if this round of rise continues and a complete breakthrough is formed, there will still be opportunities for callbacks to enter the market. Therefore, before this key area is broken or the direction is not clear, do not blindly enter the market to chase high. After the longs leave the market, once a short signal appears, it is an opportunity for shorts to enter the market.
💰 Strategy Package
Short Position：3350-3360
📊Technical aspects
Gold is still in the weekly adjustment pattern. The current rise is still running within a large range of fluctuations. It has not gone out of a clear unilateral market, nor does it have the conditions to go out of a unilateral market. In this oscillating situation, long and short positions switch back and forth.
Next, focus on the performance of gold under pressure in the 3350 area. If the secondary high point is formed near 3350, or if it breaks through 3350 again and then falls back, the short-term short signal is an opportunity to intervene and short. Gold will also face weekly adjustments in June. Therefore, near the 3350 area, do not chase high. Even if this round of rise continues and a complete breakthrough is formed, there will still be opportunities for callbacks to enter the market. Therefore, before this key area is broken or the direction is not clear, do not blindly enter the market to chase high. After the longs leave the market, once a short signal appears, it is an opportunity for shorts to enter the market.
💰 Strategy Package
Short Position：3350-3360
Trade closed: target reached
Gold continues to fall
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.
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.