NFP market, try to short gold!
Updated
Dear traders:
Gold is currently hovering around 2680, maintaining a bullish structure. However, based on the current price action characteristics, I am hesitant to continue chasing long positions. Over the past two days, there has been significant volatility, with many false signals emerging, making me cautious about blindly going long on gold.
With the NFP and unemployment rate data set to be released in 30min, I believe that even if gold continues its upward trend, the news-driven market may first flush out many lower-level long positions. As a result, gold could experience a pullback before resuming its trajectory.
So in short-term trading, I will still choose to short gold in the 2680-2690 zone first, with the target pointing to the 2660-2650 region.Bros, are you optimistic about the decline of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold is currently hovering around 2680, maintaining a bullish structure. However, based on the current price action characteristics, I am hesitant to continue chasing long positions. Over the past two days, there has been significant volatility, with many false signals emerging, making me cautious about blindly going long on gold.
With the NFP and unemployment rate data set to be released in 30min, I believe that even if gold continues its upward trend, the news-driven market may first flush out many lower-level long positions. As a result, gold could experience a pullback before resuming its trajectory.
So in short-term trading, I will still choose to short gold in the 2680-2690 zone first, with the target pointing to the 2660-2650 region.Bros, are you optimistic about the decline of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Trade active
Both NFP and unemployment rate data are bearish for gold. Gold has fallen sharply in the short term. Have you followed me in shorting gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!Trade closed: target reached
After the NFP market was released, gold fell sharply in the short term to around 2664. I shorted gold in two batches in advance at around 2681 according to the trading strategy today. When gold fell to around 2666, I closed the short position manually. Although we did not catch the lowest point, due to the unstable market due to the influence of the news, we do not need to be too greedy for profits. Besides, we also got most of the profit space, which I am very satisfied with!
After all, since the data was bearish for gold, I was not eager to go long gold after closing my short position. Looking at it now, I missed out on long profits. But during the rebound of gold, I chose to short gold again at around 2683. Currently, gold is trading around 2685. Let's see what the result is! ?
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