Weekly Short Trade Review
We stuck firmly to bearish logic all week and reaped consistent profits from short trades on every bounce. We opened short orders at 4100, 4080 and 4065 when gold rallied to resistance areas. After gold broke the key 4000 support and plunged to a low of 3970, all our short positions hit tiered take-profit levels, bringing substantial cumulative gains. All trades followed the main downtrend, confirming shorting rebounds is our most profitable high-probability strategy this week.
Current Market Logic
Gold edged back to around 4012 after dropping to 3970; this is merely a weak oversold correction, not a trend reversal. Solid US economic data sustains hawkish Fed bets, while the US Dollar Index and 10-year Treasury yields remain high, pressuring non-interest-bearing gold. The breached 4000 level acts as near-term resistance, and the core overhead resistance zone is 4080–4100. Buying strength is thin, and short-term moving averages maintain a bearish setup.
Trading Strategy
-Short Entry Zone: 4010–4050, add more shorts near 4080–4100
-Take-Profit Targets: 3980 → 3960 → 3930
We stuck firmly to bearish logic all week and reaped consistent profits from short trades on every bounce. We opened short orders at 4100, 4080 and 4065 when gold rallied to resistance areas. After gold broke the key 4000 support and plunged to a low of 3970, all our short positions hit tiered take-profit levels, bringing substantial cumulative gains. All trades followed the main downtrend, confirming shorting rebounds is our most profitable high-probability strategy this week.
Current Market Logic
Gold edged back to around 4012 after dropping to 3970; this is merely a weak oversold correction, not a trend reversal. Solid US economic data sustains hawkish Fed bets, while the US Dollar Index and 10-year Treasury yields remain high, pressuring non-interest-bearing gold. The breached 4000 level acts as near-term resistance, and the core overhead resistance zone is 4080–4100. Buying strength is thin, and short-term moving averages maintain a bearish setup.
Trading Strategy
-Short Entry Zone: 4010–4050, add more shorts near 4080–4100
-Take-Profit Targets: 3980 → 3960 → 3930
Trade aktif
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.