Gold is under pressure and short selling continues

Dear friends, gold has fallen back to the 2020-2015 area as expected. I have advocated short gold in recent trading days, and we have also made relatively good profits in the gold short position. Gold is currently under short-term pressure in the 2030-2032 area of the day's high, so in short-term trading, we can short gold around the 2026-2030 area.

At present, we can see from the rebound process of gold that the rebound of gold is relatively weak, and it will fall back immediately after the rebound, and the pressure from above is relatively strong. As long as gold fails to strongly break through the 2040-2045 area, then gold as a whole will still be in a short position, so we try to focus on shorting gold at high levels in our transactions. When gold breaks through the resistance area, we will adjust our trading strategy according to the market.

I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. I hope that with my help, we can all make continuous profits in the market! And you can follow the channel at the bottom of the article to get detailed trading signals, trading lots, and TP and SL.

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When gold rebounds near the 2026 position, you can short gold again

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We patiently wait for gold to rebound

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If you want to go long gold now, I suggest you give up this idea. If gold hits the 2015-2010 area for the first time, you can only try to go long gold in small quantities.