Gold will also test the 2180 area, don’t rush to chase long gold
Updated
Dear friends, there must be only one question for everyone now, and that is, will gold continue to fall?
I think gold will continue to fall, because gold fell back immediately after touching 2198, and the candlestick body still closed below 2195, once again showing a long upper shadow line, so the pressure above is still relatively obvious. In addition, gold only touched around the 2184 position during the decline. I think the gold's step back is not in place, so gold still needs to continue to step back. I think it will at least test around the 2180 position again.
https://www.tradingview.com/x/93xLapkF/
So I think gold still needs to continue to adjust. Of course, we still hold a short position in gold and are still making good profits overall. If you follow my trading strategy, I believe you will also have good profits like me. We can continue to hold it and wait for gold's deep correction, so that our profits will be better!
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.
I think gold will continue to fall, because gold fell back immediately after touching 2198, and the candlestick body still closed below 2195, once again showing a long upper shadow line, so the pressure above is still relatively obvious. In addition, gold only touched around the 2184 position during the decline. I think the gold's step back is not in place, so gold still needs to continue to step back. I think it will at least test around the 2180 position again.
https://www.tradingview.com/x/93xLapkF/
So I think gold still needs to continue to adjust. Of course, we still hold a short position in gold and are still making good profits overall. If you follow my trading strategy, I believe you will also have good profits like me. We can continue to hold it and wait for gold's deep correction, so that our profits will be better!
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.
Trade active
Gold has been unable to break through upward, so the demand for gold to step back becomes more clearTrade active
Do you think gold will pull back?Trade active
Gold will also test the 2180 area, don’t rush to chase long goldTrade active
Gold has never been able to break through the 2195 position in the short-term rebound. Once gold consumes too much kinetic energy, gold will turn around and fall.Trade active
Gold's rise once again encounters resistance, increasing the strength of gold's callback signalTrade active
The short energy of gold has not been fully released, and there is a possibility of further correction of gold.Trade active
Gold fell sharply as expectedTrade active
There must be a need to step back before gold rises, and the short-term support below is in the 2184-2182 areaTrade active
If gold cannot break through the 2910-2912 area, it is a signal for gold to confirm a correction.Trade active
If gold cannot break through the 2910-2912 area, it is a signal for gold to confirm a correction.Trade active
The strengthening of the US dollar has put gold under pressure to a certain extent. Gold has repeatedly hit 2200 and failed to surpass it. There is a demand for a retracement in the short term.
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