After the gold rebound, continue to short gold!

Güncellendi
Brothers, today we use the 2525-2530 area as resistance and continue to short gold near 2520. Obviously, with the help of the initial jobless claims data, our profits have grown rapidly! Because gold has certain buying support in the 2505-2500 area, we choose to manually close the position near 2507 to lock in profits in time. Congratulations to all the brothers who followed my trading signals and ended their short positions with profits again!

At present, gold has received support from the 2505-2500 area as expected, and has rebounded in the short term. It has now rebounded to around 2513. So how do we find opportunities next? In fact, from the candlestick chart, although gold continues the triangle consolidation trend, it has been under pressure in the 2525-2530 area many times, which has consumed the bullish momentum to a certain extent; and as gold falls back, the upper resistance area is gradually moving down, which is also conducive to the decline of gold; and the strong counterattack of the US dollar has also brought certain pressure to gold. In addition, if gold fails to break upward, there may be a certain amount of profit chips cashed out. Once a large number of chips are cashed out, it may even cause a certain amount of selling.

So in terms of trading, if gold continues to rebound, then I will also consider continuing to short gold after the rebound. First, observe the performance of gold in the 2516-2520 area.

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Gold did fall again after rebounding to around 2520
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Gold still faces resistance in the 2525-2530 area and there is no sign of a breakthrough for the time being
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After waiting for gold to consume all the bullish momentum, gold will continue to fall
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Let's first see if gold can break through 2530. If gold cannot break through this position strongly, then gold will continue to fall.
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Gold still failed to break through 2530, so there will inevitably be a retracement in gold
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Although gold rebounded in the short term, it still failed to break through the 2525-2530 resistance area. In total, it failed to break through this area almost four times. We can still hold our short positions and wait for gold to pull back.
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Gold failed to break through the resistance area and began to retreat as expected. Our short position has made a good profit.
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Gold closed relatively weakly, and gold should continue to fall after the market opens tomorrow.
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After the opening of gold today, gold continued to fall as expected.
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Bros, gold fell back to around 2515, did you follow my signal to short gold? Another nice profit
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All our short positions have been closed with profits, so let's enjoy a peaceful night. After we have rested well, profits will beckon us again!
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