Gold prices encountered resistance near 4,084 and began to pull back. The short position we entered in the morning has now been closed for profit around 4,044. Currently, gold has broken below the triangular consolidation zone, which aligns with our expectations. Based on the current technical structure and market sentiment, we do not plan to enter any long positions for the time being.
The key support below gold prices now is the market’s psychological level of 4,000. Judging from the current market conditions, unless a major risk event occurs unexpectedly, a break below 4,000 is only a matter of time. After the Asian session’s rally followed by a pullback, and the European session’s break below today’s low, we can continue to enter short positions if there is a rebound during the U.S. session.
The key support below gold prices now is the market’s psychological level of 4,000. Judging from the current market conditions, unless a major risk event occurs unexpectedly, a break below 4,000 is only a matter of time. After the Asian session’s rally followed by a pullback, and the European session’s break below today’s low, we can continue to enter short positions if there is a rebound during the U.S. session.
Transaction en cours
Gold prices rebounded after finding support at 4015 points, but this move failed to reverse the short-term decline. Failure to break through the resistance level signals a downward trend for gold prices. Barring any risk events, a drop below 4000 points this week is a foregone conclusion! During the US trading session, small short positions can be bought in batches at 4040-4060.Trade fermée: cible de profit atteinte
If there are friends who bought short orders at 4040-4050, you can get good returns if gold reaches a minimum of 4020. After that, you can take profits and exit the market on your own, so I will not notify you one by one.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.