Last Friday, due to Trump's remarks once again causing market risk aversion to heat up, gold rose again beyond market expectations. However, no matter when, you need to remember that if rapid rises or falls are caused by data or news, the market will repair the gap after the impact ends.
Monday's decline once again validated my point. Today, short-term consecutive short positions on gold were profitable again, but the upward trend in gold has not ended. Wait until it reaches near the support level to continue going long.
Gold trading strategy for today:
xauusd buy@3300-3310-3320
tp:3330-3350
Monday's decline once again validated my point. Today, short-term consecutive short positions on gold were profitable again, but the upward trend in gold has not ended. Wait until it reaches near the support level to continue going long.
Gold trading strategy for today:
xauusd buy@3300-3310-3320
tp:3330-3350
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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.
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.