Gold 2630-2638 Range Is Good For Shorting
https://www.tradingview.com/x/1AI6L15t/
After a significant rally, gold has finally retraced to the 2600 level. If you’ve been following my recent analysis, you should have already taken advantage of this move.
Yesterday, my strategy was to short at 2648, closing near 2618, while recommending a long position near 2610 with a target range of 2620-2628. This approach played out perfectly, securing notable profits.
Gold is now hovering around the MA20, where resistance is expected to be minor. The key resistance zone lies between 2632-2638, close to the MA60. While it may not reach this level, the current rebound is not over yet.
If it reaches the MA60 region, it will present an ideal shorting opportunity with at least $10 of downside potential.
Successful trading always relies on strong signals—don’t you agree?
After a significant rally, gold has finally retraced to the 2600 level. If you’ve been following my recent analysis, you should have already taken advantage of this move.
Yesterday, my strategy was to short at 2648, closing near 2618, while recommending a long position near 2610 with a target range of 2620-2628. This approach played out perfectly, securing notable profits.
Gold is now hovering around the MA20, where resistance is expected to be minor. The key resistance zone lies between 2632-2638, close to the MA60. While it may not reach this level, the current rebound is not over yet.
If it reaches the MA60 region, it will present an ideal shorting opportunity with at least $10 of downside potential.
Successful trading always relies on strong signals—don’t you agree?
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