The only chance to short gold!
Updated
As I said in my last article, I planned to buy gold with the 2670-2660 area as support, but gold did not fall back to 2670, not even to 2671, so unfortunately gold did not reach our buying area.
Currently, gold has risen to around 2690. Obviously, it is not a good idea to chase gold near this position, and it faces resistance in the 2695-2700 area. I think even if gold breaks through the 2695-2700 resistance area, it will retreat because it needs to accumulate upward momentum. So anyway, I will try to short gold here once.
Am I the only one who takes the risk of shorting gold in the entire network? Will you try to short gold in this position area? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Currently, gold has risen to around 2690. Obviously, it is not a good idea to chase gold near this position, and it faces resistance in the 2695-2700 area. I think even if gold breaks through the 2695-2700 resistance area, it will retreat because it needs to accumulate upward momentum. So anyway, I will try to short gold here once.
Am I the only one who takes the risk of shorting gold in the entire network? Will you try to short gold in this position area? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Trade active
Bros, are there any like-minded friends who are shorting gold with me? Although shorting gold is not profitable at present, I firmly believe that gold will first retreat before breaking through 2700Trade closed: target reached
Bros, I must start and end my trades! I reminded everyone overnight that the only opportunity to short gold has come. I shorted gold near 2690 and 2702. To be honest, I was very nervous when gold touched 2704. But fortunately, gold did not effectively break through 2705. At that time, I knew that gold would definitely fall back again and retest the 2685-2680 area, so for the sake of trading safety, I changed TP to 2685.
As expected, gold has now fallen back to the 2685-2680 area, and all our short positions have been profited by hitting TP: 2685. Very good trade.
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