In the NFP market, gold is expected to fall back, short gold!

٢ أغسطس

In the past two days, due to the expectation of the Fed's rate cut and the surge in risk aversion, the gold market has once again pushed up above 2460, and it is only one step away from the previous high of 2484. The rise looks particularly strong.
https://www.tradingview.com/x/q7I370rR/

The bullish power of gold is relatively strong, but today NFP is the key to the short-term direction of the gold market. Compared with NFP, it may still be bullish for gold, but I think there is not much room for gold to continue to rise. It is obviously not advisable to directly chase gold now. So I think it is very likely that gold will rise and then fall in the future. If gold cannot break through 2480-2485 in the process of rising, then gold is expected to form an "M" top pattern and usher in a collapse and fall.

So in terms of trading, I would advocate shorting gold in batches in the 2460-2470 area and the 2480-2490 area, and then patiently wait for gold to fall back!

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٢ أغسطس

تم فتح الصفقة

Continue to short gold around 2475

٢ أغسطس

تم فتح الصفقة

Brothers, gold plummeted to 2411. Although I set TP: 2422, which limited our profits to a certain extent, the victory finally belongs to us!

٢ أغسطس

تم فتح الصفقة

Brothers, we have been insisting on shorting gold in batches in the past two days. We shorted gold at the highest point near 2473 and directly hit TP: 2422. We had a big harvest!