Gold has decisively broken through the previous structural low of 4099, laying the foundation for a strong downtrend. The one-sided downtrend has been confirmed, and there is currently no resistance to stop the release of bearish sentiment. After gold broke below the previous structural low of 4099, the bearish momentum remains strong, and it will continue to be under pressure in the short term. Moreover, there are no clear signs of a bottom yet, and based on the current trend, gold may continue to move towards the 3900-3800 range.
As gold continues to fall, the current short-term resistance has shifted to the 4120-4140 area, followed by the 4190-4210 area. There is no obvious support below, and given the current downward momentum, it is unlikely that the bulls will be able to mount an effective counterattack in the short term. Moreover, with the spread of market panic, there may be even more room for further decline.
Short-term technical support level: 4000-
Short-term technical resistance levels: 4120-4140 / 4190-4210
Therefore, in short-term trading, if gold can rebound to the 4115-4135 area, I will first consider shorting gold.
As gold continues to fall, the current short-term resistance has shifted to the 4120-4140 area, followed by the 4190-4210 area. There is no obvious support below, and given the current downward momentum, it is unlikely that the bulls will be able to mount an effective counterattack in the short term. Moreover, with the spread of market panic, there may be even more room for further decline.
Short-term technical support level: 4000-
Short-term technical resistance levels: 4120-4140 / 4190-4210
Therefore, in short-term trading, if gold can rebound to the 4115-4135 area, I will first consider shorting gold.
Transaction en cours
Gold rebounded as expected after touching around 4024, reaching around 4118, successfully hitting my anticipated short entry area and activating my limit short position at 4116. Subsequently, during the pullback, it successfully hit TP: 4085, thus locking in a considerable profit. A perfectly executed short-term short trading plan. If you followed this short-selling strategy, you must have made a very satisfactory profit and were happy to find a heavy wallet the moment you woke up.
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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.
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.