XAUUSD:Fall is inevitable

10 Feb

Due to the impact of geopolitical factors, the market's risk - aversion sentiment has escalated again. Gold prices rose and broke through the $2,900 mark on Monday this week, clearly exceeding the expectations of most people. I have been trading for over ten years, and this is the first time I've encountered such a situation with gold. Currently, most market analyses still suggest that gold will rise again. However, I believe that the future market presents greater risks as well as more opportunities.


First of all, the global inflationary economy will continue to develop. Gold prices will surely remain at a relatively high level this year. From a technical - analysis perspective, if gold is to rise again, it must first experience a downward adjustment before another upward movement can occur. Therefore, my strategy remains to take short positions at appropriate and safe levels to obtain short - term trading profits, thus steadily increasing the account balance.


Today's trading strategy for gold:


Sell XAUUSD @2910 - 2920


TP: 2900 - 2890 - 2880

I will send accurate signals every day to obtain market profits. If you also need professional guidance, you can click the link below the article to get it.

10 Feb

Trade aktif

The first take - profit level has been reached. You can close 80% of the position. The profit from this short - term trade is sufficient. The remaining orders can be closed at any time.