When you were chasing gold crazily, I started shorting gold.
Updated
Dear friends, today we shorted gold in the 2263-2265 area and successfully made a profit of more than 10K, which is considered a good gain. After hitting the TP with this transaction, I used small batch trading lots to chase short gold at 2246 and 2237 respectively. Although these two transactions have not ended yet, overall there is still a floating profit of more than 1K.
According to the current trend, although gold has strongly touched a new high of 2265, relatively speaking, I do not advocate continuing to chase long gold at high levels. The current hourly chart and 4-hour chart show that gold has not yet adjusted in place and there is still room for adjustment. This is why I still have not ended the transaction. Moreover, the sustainability of the risk-off market remains to be considered. Once gold confirms a short-term top, the magnitude of the decline cannot be underestimated.
So relatively speaking, when others were extremely crazy about chasing long gold, I changed the trend and began to insist on shorting gold at high levels; I share detailed trading ideas and trading strategies every day, hoping to help all followers to be successful in the market. Keep making profits! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
According to the current trend, although gold has strongly touched a new high of 2265, relatively speaking, I do not advocate continuing to chase long gold at high levels. The current hourly chart and 4-hour chart show that gold has not yet adjusted in place and there is still room for adjustment. This is why I still have not ended the transaction. Moreover, the sustainability of the risk-off market remains to be considered. Once gold confirms a short-term top, the magnitude of the decline cannot be underestimated.
So relatively speaking, when others were extremely crazy about chasing long gold, I changed the trend and began to insist on shorting gold at high levels; I share detailed trading ideas and trading strategies every day, hoping to help all followers to be successful in the market. Keep making profits! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Trade active
Gold is currently continuing its correction. Although the current downward momentum has slowed down, as the bullish momentum is gradually consumed and long upper shadow lines appear multiple times, the gold resistance area will gradually move downwards, and gold will continue its correction.It could even hit the 2225-2220 area.Trade active
If gold rebounds in the short term, then we can consider continuing to short gold around the 2250 positionTrade active
Gold is currently continuing its short-term rebound. We look forward to gold rebounding to the 2250-2255 area again. That will be a good opportunity for us to short gold again.Trade active
Gold has now touched the 2250-2255 area. We can start shorting gold in small batches.Trade active
Let’s short gold in small batches first and temporarily set TP to 2230Trade active
At present, gold has fallen back again after hitting around 2255.
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