Gold, how to trade after the 1951 plunge

Jun 21, 2023

Yesterday, gold plummeted around $1929, making a significant profit for me once again! I swept through 2100 points with a single trade! Everyone witnessed it! Yesterday, gold experienced a breakdown and fell sharply, and I had complete control over the trend! The bulls were weak. The candlestick pattern indicated a breakout and a downward trend. I sold at $1951, anticipating a major drop. Target achieved! My expertise speaks for itself. My skills are so strong that you have no choice but to acknowledge them! Yesterday, gold opened at $1949.9. It slightly rose in the Asian market, reaching $1954, but then pulled back. It hit a low of $1945 in the morning and rebounded. During the European session, it reached a high rebound of $1956.7. This rebound provided us with a great opportunity to go short! Based on my 15 years of experience in live trading, such movements are clearly an attempt to wash out long positions and entice buying. Fearless of the rebound, we went short at $1951 and held firmly. In the U.S. session, gold experienced a significant drop due to fundamental factors. After breaking below $1940, it continued to decline. Currently, the lowest point is around $1929. This short trade once again brought substantial profits, sweeping through 2100 points! Gold experienced a slight rebound towards the end of the session and closed near $1936. The daily candlestick formed a large bearish candle with a slightly longer lower shadow than upper shadow. After such a pattern, it is without a doubt that gold will continue to be bearish today. After the breakout, there is still room and demand for further decline. Today, we should pay attention to the resistance around $1944. We can continue to go short if the rebound is limited below this level. On the downside, we will look at the $1920 level, and if it breaks, we may consider the $1900 level.

Jun 21, 2023

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Gold, continue to sell today