Gold has fallen back below $4,000 once again today, and a new round of decline is about to kick off. If gold intends to plunge straight through $3,900, it will not rally to a high level. Therefore, we can only open short positions below $4,000.
If the price bounces back to around $4,020, the market will enter another sideways range and retest the resistance zone near $4,070–$4,080.
For today’s trading, only two key levels need to be monitored:
Look for short entry opportunities when the price hits $3,990–$4,000.
Exit all short positions if $4,020 is broken, and wait for the next short setup.
💰💰💰 Gold Trading Strategy Today:
🎯 XAUUSD SELL@ 3990-4000
🎯 TP: 3950-3920
It is only a matter of time before gold hits $3800, and the bottom will form at that level. I will update you promptly when better trading opportunities emerge to help you gain more profits.
If the price bounces back to around $4,020, the market will enter another sideways range and retest the resistance zone near $4,070–$4,080.
For today’s trading, only two key levels need to be monitored:
Look for short entry opportunities when the price hits $3,990–$4,000.
Exit all short positions if $4,020 is broken, and wait for the next short setup.
💰💰💰 Gold Trading Strategy Today:
🎯 XAUUSD SELL@ 3990-4000
🎯 TP: 3950-3920
It is only a matter of time before gold hits $3800, and the bottom will form at that level. I will update you promptly when better trading opportunities emerge to help you gain more profits.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.