Gold prices will once again fall to a new bottom
Updated
Gold prices are about to hit a new low, if you are buying you need to delay
The position of 2370-2365 as a buying point can make some profits. As I said before, the pressure on the short-term upside is too great. Today in New York time, gold prices failed to rise several times. The first attempt was to break through 2398. The second attempt was to break through 2403. Both were suppressed by the short trend. And there is no more news to push the gold price to continue to rise. So the operation is still mainly short-selling. If the price reaches my expected position, you can make a super short-term rebound.
GOLD GC1! XAUUSD
The position of 2370-2365 as a buying point can make some profits. As I said before, the pressure on the short-term upside is too great. Today in New York time, gold prices failed to rise several times. The first attempt was to break through 2398. The second attempt was to break through 2403. Both were suppressed by the short trend. And there is no more news to push the gold price to continue to rise. So the operation is still mainly short-selling. If the price reaches my expected position, you can make a super short-term rebound.
GOLD GC1! XAUUSD Trade active
The current price is a good time to short gold,
Related publications
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.