Has gold really peaked? 2940 short selling
Has gold really peaked at the moment?
At present, both positive and negative factors are present in the market. Let me explain my logic. Last night, Trump just spoke and proposed a reciprocal tariff plan, but this only caused gold to rise by about $10. Such a big bullish factor seems to have no effect on the market. The negative factor is the Russia Ukraine peace talks. Today, officials from the United States, Russia, and Ukraine will meet in Munich to discuss the peace talks. How can the peace talks proceed? Regardless of the outcome, this is a crucial step towards the Russia Ukraine peace talks, and gold will fall.
Technically speaking, gold has not been able to reach a historic high despite the favorable factors of tariffs. Is this main force going to be shipping? The market always rises unconsciously, but when you and I can believe that gold is rising, there is a high probability that it will also peak.
Technically, the double headed roof has already come out. Where is the height of this roof? I will keep an eye on the market, identify signals of bullish momentum depletion, and then enter the market for short selling.
Trading strategy: Sell gold 2940 short, stop loss 2950, target 2840
Personal investment sharing requires caution when entering the market
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