Gold enters the adjustment phase, rebound and then short

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Gold has broken below its rising trend line, entering a correction phase. After breaking below 4000 points, it has experienced a waterfall-like decline, forming a double top.

Our short positions entered below 4050 have all yielded good returns, in line with our recent short-selling expectations. The main reason for tonight's sharp drop is profit-taking at high levels, coupled with the easing of Middle East relations. Since gold has fallen below 4000 points, a continued downward correction to test 3900 is highly likely in the short term.

Operation strategy: Continue to enter short positions at 3977 (the position of the previous rising top and bottom conversion), target 3944.

Resistance levels: 3977, 3986, 4000

Support levels: 3944, 3930, 3900

For specific trading decisions, please follow my real-time updates. I update my trading ideas and strategies daily. If you don’t have a plan or idea about gold trading and cannot achieve sustained and stable profits, you can refer to and follow my updated content as a reference and guidance to help you avoid mistakes.

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Trade attivo

If you don't have a plan or strategy for gold trading and are struggling to achieve consistent profits, you can refer to and follow my updates for guidance and help you avoid mistakes.

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Trade chiuso: obiettivo raggiunto

Gold is currently testing the resistance at 3977, wait patiently for the market to fall