On Tuesday, gold fell to a short-term low of $2,315. Before the Federal Reserve FOMC meeting, the U.S. PCE index in April was 2.9%, indicating that the Federal Reserve has postponed interest rate cuts, and hawkish bets are affecting the trend of precious metals.
Recently, the gold market has been fluctuating under the pressure of a 4-hour double top. The moving average system shows a dead cross short position arrangement, showing that the possibility of gold falling still exists, and there may be greater room for decline.
Recent spikes in gold prices often provide entry opportunities for bears. Therefore, our trading strategy is to wait for the gold price to rebound to a suitable position, and then decisively carry out short selling operations. In the short term, the short position is already in place. Pay attention to the opportunity of counter-drawing 2325 and continue to consider shorting for the second time! On the whole, today's short-term operation of gold recommends shorting mainly on rebounds, supplemented by longs on callbacks. The top short-term focus is on the 2325 first-line resistance, and the bottom short-term focus is on the 2300-2305 first-line support.
Recently, the gold market has been fluctuating under the pressure of a 4-hour double top. The moving average system shows a dead cross short position arrangement, showing that the possibility of gold falling still exists, and there may be greater room for decline.
Recent spikes in gold prices often provide entry opportunities for bears. Therefore, our trading strategy is to wait for the gold price to rebound to a suitable position, and then decisively carry out short selling operations. In the short term, the short position is already in place. Pay attention to the opportunity of counter-drawing 2325 and continue to consider shorting for the second time! On the whole, today's short-term operation of gold recommends shorting mainly on rebounds, supplemented by longs on callbacks. The top short-term focus is on the 2325 first-line resistance, and the bottom short-term focus is on the 2300-2305 first-line support.
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Only when the market changes will there be opportunities to make money. If you want to get 100% accurate trading signals, you can join my channel.
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The profit-taking point of 2305 was reached perfectly, and all transactions this week were profitable without exception.
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Stop blindly looking for trading information in the market if your trading is not going well. Finding me is your best choice. My trading analysis accuracy is 95%, which will help you make profits.
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Today’s operation suggestions: long near 2308, stop loss 2303, or short near 2320-2325, stop loss 2330.
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Buy at 2312, a perfect profit of $15. If you follow my signal, you will also make a huge profit at this time.
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Today, both long and short profits are made. If you are still losing money, you can contact me as soon as possible and I can help you recover your losses.
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Today, both long and short profits are made. If you are still losing money, you can contact me as soon as possible and I can help you recover your losses.
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I wish you all a happy weekend