Gold may fall back to the 2020-2015 area again
Updated
Dear friends, First of all, congratulations to everyone who followed the long gold trading yesterday and made a good profit.After gold rebounded to around 2035, it then fell back. It is currently trading near the 2031 level. We can see that gold has been particularly weak during the rebound. Moreover, the position of 2035 happens to be the pressure at the channel, so when gold rebounds weakly, the overall gold trend is still biased toward the short side. Therefore, in short-term trading, I mainly short gold around the 2035 area.
https://www.tradingview.com/x/EU7YAnyx/
Gold has been supported and rebounded near the 2020 position many times. Many people may think that gold has hit the bottom, but I think that if gold fails to break through upward for a long time, once the bulls have exhausted their energy, gold may continue to fall.My preliminary forecast is that it will fall into the 2015-2020 area. In the short term, we can still consider shorting gold near the 2035 position in order to gain profits.
Therefore, I do not recommend aggressively going long gold at the moment. Instead, we can consider trying to short gold. I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. I hope that with my help, we can all make continuous profits in the market! And you can follow the details at the bottom of the article to get detailed trading signals, trading lot size, TP and SL.
https://www.tradingview.com/x/EU7YAnyx/
Gold has been supported and rebounded near the 2020 position many times. Many people may think that gold has hit the bottom, but I think that if gold fails to break through upward for a long time, once the bulls have exhausted their energy, gold may continue to fall.My preliminary forecast is that it will fall into the 2015-2020 area. In the short term, we can still consider shorting gold near the 2035 position in order to gain profits.
Therefore, I do not recommend aggressively going long gold at the moment. Instead, we can consider trying to short gold. I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. I hope that with my help, we can all make continuous profits in the market! And you can follow the details at the bottom of the article to get detailed trading signals, trading lot size, TP and SL.
Trade active
The opportunity to short gold comes again. Continue to short gold near the 2035 position.Trade active
CPI data and initial jobless claims data will be released later, which may help gold fall and break through.Trade active
Let’s look forward to the fall of goldTrade active
Gold falls sharply on data, hitting my expected profit targetTrade active
Trade active
In the next gold trading, we will still mainly focus on short selling on rebounds.
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