Unwavering belief in short sellingBrothers, I have already shorted gold according to the trading plan. Do you have the courage to short gold with me?
At present, the volatility of gold is converging and maintaining a narrow range of fluctuations near 2890, but it is obvious that the rebound of gold is insufficient to support the continuation of the rebound and breakthrough of gold. Therefore, after consuming a certain degree of bullish power, the bears will regain control of the situation. And I also have the following reasons to believe that gold will retest the 2875-2865 area again.
1. The upward breakthrough of gold is insufficient, and it needs to retreat to increase liquidity and attract more bulls to enter the market;
2. After the sharp drop in gold, there is no strong structural support for gold to continue to rise at the technical level, and the bottom support is not reliable;
3. Gold hesitated in the key resistance level area, which consumed the bullish momentum to a certain extent. Gold needs to retreat to accumulate more momentum.
So based on the above three points, I am still confident in my short position, and I believe that my short position will definitely bring me satisfactory returns.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
