Dear friends, gold has repeatedly broken new highs, reaching the highest level of 2265. Gold is still continuing its strong unilateral rise, but as far as current trading is concerned, I do not advocate continuing to chase gold. Because gold continues to be very overbought and deviates too far from technical indicators, there is currently a short-term need for a callback to repair indicators. https://www.tradingview.com/x/DHa8KUQr/
So I have clearly informed everyone that we can try to short gold in the 2263-2265 area in small batches (the details of the trading signals are in the channel at the bottom of the article). First try to seize the profits of the short-term correction of gold. After the correction of gold is in place,we would still be long gold following the current uptrend. In this way we can grasp the profits of both long and short parties,
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! 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.
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Are you already short gold like me?
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After gold touched near the 2265 position, it went out of the short-term trend of shock and decline. It currently touches the lowest level below 2240 and has successfully hit the TP.
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Gold continued to fall in the short term. From the one-hour chart, gold has not fallen enough and may even touch the 2225-2220 position area. When the gold short position touched 2225TP, I then continued to short gold in small batches at 2246 and 2237 positions.
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Gold is currently rebounding slightly, but relatively speaking the rebound has weakened a lot, so there is still an opportunity to short gold after the rebound.
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