Gold refreshes record high, where is the upper end?

2 апр.

Dear friends, due to the escalation of geopolitical conflicts in the Middle East due to the Israeli air strike on the Iranian consulate, gold once rose and set a new historical high again, with the current highest reaching 2266.8.
https://www.tradingview.com/x/PJNEdDqd/

Judging from the current trend of gold, the position of 2267 is very extreme, because from a technical perspective, this position should be a stage high point, but stimulated by endless news, there is still a probability of refreshing this position. However, one thing that is certain is that I will definitely not chase long gold above 2260, even if gold really continues to rise. Because 2267 is actually a dangerous zone for me.

From the perspective of gold structure, gold may reach the top in the 2265-2268 area many times to form a top structure, and then gold is likely to start falling from there. From a structural perspective, I predict that the highest gold top position can reach around 2278, almost close to 2280.

So in terms of trading, first of all, I do not recommend chasing long gold above 2260; secondly, you can try to short gold in small batches in the 2263-2265 area. If it remains relatively stable, you can also wait for gold to rise to the 2275-2280 area before shorting gold.

I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.

2 апр.

Сделка активна

From the perspective of gold structure, gold may reach the top in the 2265-2268 area many times to form a top structure, and then gold is likely to start falling from there. From a structural point of view, I predict that the highest position of the top of gold can reach around 2278, almost close to 2280.

2 апр.

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The short-term support below gold is at the 2242-2240 area.

2 апр.

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Gold rebounded again in the short term to around 2273, which is very close to the 2275-2280 area I expected. Then stable friends can also start to consider shorting gold.

2 апр.

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Gold hit its highest level near 2277, which happened to hit the 2275-2280 area I expected. Then we can short gold.

2 апр.

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If you have shorted gold in the 2275-2280 area in batches, we can first set the TP at 2255

2 апр.

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Gold just hit its lowest level near 2251, perfectly hitting TP2255

2 апр.

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There were four gold transactions today, one of which was a short gold order at 2258, because at that time gold only fell back below 2254 and did not touch TP2236. Later, gold rebounded and touched 2266SL. So a loss was made on this transaction.

Then I shorted gold near the 2265, 2273 and 2276 positions, and set TP: 2255, and all of them have been profited so far. Overall, a very good profit was achieved. If you follow my trading signals like me, then I believe everyone’s profits will be very good today!