Good morning, everyone! A brand new week begins—wishing us smooth trades and great success ahead.
Looking back to last Thursday, our gold short strategy hit the mark perfectly. Prices dropped nearly $60 as expected, and we captured around $45 in profit from that move. Overall, we secured over $200 in profit space last week—an excellent performance.
Today, gold opened higher and continues to climb. Technically, bulls still have room to push higher, with 3360 as a key resistance level. However, judging by the current momentum, we may even see a test of 3400. That said, trading is about precision, not perfection. If prices approach 3380 and the upward momentum stalls, it may be time to watch for a pullback. On the other hand, if strength continues, holding some light long positions remains a relatively low-risk strategy.
Trading Strategy for Today:
📉 Sell in the 3380–3410 range
📈 Buy in the 3307–3280 range
🔁 Flexible trades between 3360–3330 / 3272–3315
Looking back to last Thursday, our gold short strategy hit the mark perfectly. Prices dropped nearly $60 as expected, and we captured around $45 in profit from that move. Overall, we secured over $200 in profit space last week—an excellent performance.
Today, gold opened higher and continues to climb. Technically, bulls still have room to push higher, with 3360 as a key resistance level. However, judging by the current momentum, we may even see a test of 3400. That said, trading is about precision, not perfection. If prices approach 3380 and the upward momentum stalls, it may be time to watch for a pullback. On the other hand, if strength continues, holding some light long positions remains a relatively low-risk strategy.
Trading Strategy for Today:
📉 Sell in the 3380–3410 range
📈 Buy in the 3307–3280 range
🔁 Flexible trades between 3360–3330 / 3272–3315
Trade active
📍Gold has entered a short-selling zone, but the uptrend hasn’t fully exhausted—there’s still room to climb higher.Based on the current momentum, gold may potentially test the key resistance area near 3400. Therefore, a scaled short entry strategy is recommended:
Start with small initial positions now, and add more aggressively if the price continues to rise.
✅ Strategy at a glance:
Don’t chase the rally or enter heavy too early
Build short positions step by step at higher levels
Wait patiently for reversal confirmation
Note
Good morning everyone, yesterday's gold shorts were still trapped, get ready to reap profits today
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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.
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.