Today's target is 4970, the market is once again in free fall
Short near 5023, short near 5037, follow the rhythm and you will see optimistic space. Recently, I have been emphasizing a bearish approach on gold, and the idea has been verified in real time $XAU
Today after dipping near 4990, it stabilized and rebounded. The several dips during the day were considered invalid breakdowns. Currently, with a bullish close and a rebound, the gold price has reached around 5030, and it's about time to position.
Short around 5037, with the target looking at 5000$XAU
Yesterday, I followed the strategy of rebounding below 5050 to enter short positions, successfully achieving three consecutive victories. That's my style; once I have the direction right, I go for it without any unnecessary frills.
Today, my outlook remains bearish; the price still needs to move down to find the 4900 level. This level is also the one I mentioned yesterday. After yesterday's decline, today's price dropping to this level has become even clearer.
Short near 5023, target at 4970, with a longer-term view at 4900.
Can gold be shorted??? My answer is directly short!!!
Focus on 5050, focus on 5050, focus on 5050, important things are said three times. This resistance level was mentioned in today's day session.
Now, no matter how it rebounds, at any position, as long as the price is below 5050, any rebound is an opportunity to short, with a target still looking at 4900.
Below 5050 are all opportunities to short, remember what I said. $XAU
Gold, two waves of short positions and two waves of harvesting
In the morning, the first wave at 5013 short, the gold price reached 4970, a drop of 33 points. In the evening, the second wave at 5023 short, the gold price fell to a low of 4993, again a drop of 30 points.
The two suggested short positions, both were 30 points. $XAU
Continue south, the idea remains unchanged. The resistance at 5050 above is still there, and the price has not broken through this position. As long as there is a rebound, just find a position to short.
The short position at 5013, gold prices fell simultaneously
This morning, the short at 5013 reached a high of 5036 before falling as expected. It is currently around 4980, with a short-term drop of 33 points. Fans outside should pay attention to protecting profits.
Congratulations to the fans who followed this wave of rhythm $XAU
Last Friday's target of 5030 resulted in a sharp drop. It fell to below 5010, achieving precise profit-taking. This week, the focus remains on short positions; where is the ideal location?
The upper pressure is concentrated at the 5250 level, and this position can be shorted directly. From the daily price perspective, it needs to drop to 4900 to be in place, just do it.
Short near 5013, targeting 4930. The target position can be reversed long $XAU .
This week, the open ideas have achieved nine consecutive victories.
All are ideas publicly shared before the market opens, all indicating to go short. Before this week, I was suggesting to go long, and gold rose from 4600 to 5500.
This week, I have been suggesting to go short, and the gold price dropped from 5240 to 5000. This is the idea.
At the 5230 position, this pressure mentioned multiple times this week
The gold price has dropped nearly three waves from this position. As long as the price reaches this position, it is a repeated compound interest. This week I have also laid out multiple short positions at this position
Now looking at this strategy, it feels different from the first time I saw it $XAU
The entire network announced 5117 short positions, still harvesting
The entire network announced the 5117 short positions, current price 5083, congratulations to friends who followed the short positions for a profit of 35 points, off-site fans control their profits
Real gold is not afraid of being tested by fire, strength needs no verification. $XAU
Today, the gold price oscillated between fluctuations and declines, with the target of 5090 mentioned in the morning strategy. The gold price also validated the idea of this decline.
Lower lows in gold prices are frequent, and there will be more lows. After the daytime decline, the price will not rise back to 5130. Therefore, during the US trading session, attention can be paid to around 5120, where short positions can be taken at this point, looking towards 5030 below.
Yesterday, the gold price surged to around 5190, immediately followed by a series of large bearish candlesticks, indicating a clear weakness. Moreover, yesterday's movement aligned perfectly with our expectations.
Recently, the price has been suppressed at 5230, and each time it reaches this resistance, it is blocked. At the same time, the price consistently remains below the moving averages, and any rebounds lack strength, meaning it cannot gain traction; we continue to anticipate a decline.
Yesterday's CPI indicated a short again becoming legendary! Today, the rebound correction continues to be short. The upper pressure is at the 5200 level, and currently, the bearish trend remains unchanged. The overall pattern is also downward, so the focus is on shorting during the European session rebound.