Gold 2628 buy long for profit, 2632 sell short with backhand
Yesterday, it was announced that 2628 publicly bought long, 2635 profited and reduced positions, and then profited and exited, easily winning yesterday's game. After Christmas, the gold market is still small, with multiple moving averages suppressing the daily cycle. 2632 went short with a backhand.
The 4-hour cycle gold triangle shape is difficult to break through, and it is suppressed when encountering the 2635 line. At the same time, this is also the gathering place of daily cycle moving averages, making it difficult for gold prices to break through. Therefore, 2632 directly entered the market for short selling.
Trading is not a matter of taking it for granted. After seeing the structure, one may assume that it will follow this path, which is indeed a major taboo in trading. Trading is about seeing what you see, for example, if multiple moving averages are suppressing the current daily cycle and there is no breakthrough, then you should short sell. The same principle applies to triangular structures.
So the short selling trend of 2632 is inevitable. What do you think?
Trading strategy: Short selling gold 2632, stop loss 2642, target 2620
Personal investment sharing requires caution when entering the market
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