Gold Spot / U.S. Dollar
Short
Updated

Continue to short gold after the rebound!

206
Although gold did not fall due to the negative impact of ADP data, this does not mean that the risk of gold falling has been eliminated. As long as gold does not break through the recent highs, and in the fluctuations in recent days, the resistance strength of the 3135-3145 zone has been strengthened, gold still has a considerable risk of falling before breaking through the resistance area, and once gold falls below the 3110-3100 zone, it is bound to retreat to the 3095-3085 zone!

The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
Trade active
After completing the triangle consolidation, gold will most likely choose a downward direction and may fall below the support area near 3100 and continue to the 3095-3085 area.

The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings

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.