Gold Approaches 3100, Short Opportunity Emerges

Gold has reached a high of around 3085, now just a step away from the 3100 level. However, for short-term trading, I view the 3085-3105 range as an ideal zone to consider short positions on gold.

📍Short-Term Trading Strategy:

Consider scaling into short positions within the 3085-3105 range. Pay close attention to position sizing and risk management when setting up trades.

📍Key Support Levels to Watch:

-First target: 3065-3055
-Second target: 3045-3040

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Trade active

Gold fell back as expected after touching 3086. It is currently fluctuating in a narrow range around 3072. Our short position has made a good profit. Let's see if gold can reach the 3065-3055 area as expected. Let's wait and see.

Trader_Marvin

There are already 1000+ traders making huge profits in the group, and the strategy verification rate is over 90%, so novices can easily make profits! Telegram group: t.me/Marvin_9240

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Trader_Marvin

There are already 1000+ traders making huge profits in the group, and the strategy verification rate is over 90%, so novices can easily make profits! Telegram group: t.me/Marvin_9240

Also on: