The opportunity to short gold in the European session has arrive

204

📌 Driving Event

On Tuesday, US President Trump launched an investigation into the necessity of tariffs on key minerals, the latest move in the expanding trade war. This trade war has affected key areas of the global economy.

📊Comment Analysis

In the morning, gold fell briefly at 3275, and then broke through again.

The current market rises or dives all depend on Trump's words, and today is the 34th trading day since gold rose from 2832 on February 28, and the 8th trading day since it rose from 2956 on April 7. It is likely to be a new round of change time window.

Therefore, I think the current rise is just the main force pulling up and shipping. The European session is alert to the possibility of a sharp decline again! ! !

In terms of the hourly chart, the current 3293 line will be an obvious pressure. The European session recommends actively shorting here! ! !

💰Strategy Package

Short position:

Actively participate at 3290-3300 points, profit target below 3280 points

⭐️ Note: Labaron hopes that traders can properly manage their funds

- Choose the number of lots that matches your funds

- Profit is 4-7% of the fund account

- Stop loss is 1-3% of the fund account

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.