Gold short-term trading strategy
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Gold is approaching our awaited price target of $2,260.60, which is the 50% Fibonacci retracement of gold’s rise from $1,984.16 to $2,431.44. This means that if the price of gold falls below $2260.60, the price of gold will continue its bearish trend and aim for the next target of $2207.80
On the other hand, we noticed that the trend of gold prices showed a downward trend, which supported the expectation that gold prices would continue to decline and hit more bearish targets. In particular, the 50-period EMA formed continued bearish pressure. Therefore, unless gold rebounds above $2,325.90 and remains above this level, we will continue to predict that gold prices will be in a bearish trend for some time to come.
Gold prices are expected to trade today at the support level of $2,260.00 and the resistance level of $2,305.00.
The expected trend for gold prices today is bearish.
It is recommended to short gold near $2,300
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Gold is approaching our awaited price target of $2,260.60, which is the 50% Fibonacci retracement of gold’s rise from $1,984.16 to $2,431.44. This means that if the price of gold falls below $2260.60, the price of gold will continue its bearish trend and aim for the next target of $2207.80
On the other hand, we noticed that the trend of gold prices showed a downward trend, which supported the expectation that gold prices would continue to decline and hit more bearish targets. In particular, the 50-period EMA formed continued bearish pressure. Therefore, unless gold rebounds above $2,325.90 and remains above this level, we will continue to predict that gold prices will be in a bearish trend for some time to come.
Gold prices are expected to trade today at the support level of $2,260.00 and the resistance level of $2,305.00.
The expected trend for gold prices today is bearish.
It is recommended to short gold near $2,300
I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
تم فتح الصفقة
The price of gold is now above US$2,300 and has not yet exceeded US$2,305. At this time, you can short gold.تم فتح الصفقة
U.S. April ISM Manufacturing PMIPrevious value 50.3 Expected 50
Announcement 49.2
تم فتح الصفقة
Although the data is good for gold, there is pressure from above. A more appropriate trading strategy is to short gold at high prices after gold rises. If gold can rise to the range of 2315-2320 US dollars, short goldتم فتح الصفقة
The price of gold did not rise steadily after breaking through the $2,310 level, and is falling back under pressure from above.
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إخلاء المسؤولية
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