The most important thing about investment is dimensional thinking. Gold has stretched to the 3,000 mark. If you are a long position from the bottom, what will you choose?
I will definitely sell at the 3,000 mark without hesitation. In addition, today is Friday, so there is no need to keep it and take the risk of the weekend.
That may usher in a wave of retracement, so don't chase the rise at a high level now.
Personally, I feel that you can try to short in the 2995-3005 range, and stop loss at 3015 at most. The cost is also very small, and once it comes down, the profit is very objective.
Gold is currently below 2955-50, which is a strong support. If gold really comes down, then 2955-50 can be used as a potential target position.
After all, gold can rise by $100 in 2 days, and it is also possible for it to fall by $50 in one day.
There is nothing to hesitate about. I have made huge profits continuously and never made any hindsight comments. This is my strength. Welcome to join my VIP account to obtain timely trading strategies and achieve mutual benefit and win-win results!!!
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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.