Gold is weak, and there may be a low point yet to come!

17 giu

According to the current structure, gold is obviously in a weak position. Gold has failed to break through the high point of the previous wave after multiple rebounds during the day. 3400 has become a new round of pressure area; and gold has just accelerated its decline and fell below 3370. For the current trend, falling below 3370 will weaken the bullish sentiment to a certain extent and indicate that there is further room for decline, so I think gold should have a low point, and the low point we should first pay attention to is in the range of 3365-3355.

So in terms of short-term trading,

First, we can try to short gold with the short-term resistance area of 3395-3405;

But if gold first retreats to the support area of 3365-3355, we can first choose to go long on gold.

17 giu

Trade attivo

If you follow my trading strategy and use the 3395-3405 area as resistance, short gold near 3392. At present, gold has fallen back to around 3383. I believe you have made nearly 90pips of profit again. Are you still worried about trading? Friends in the channel have made a lot of money by following my trading strategy. You can also come in and follow my trading strategy!