3.3 Short selling in the gold regions of 2872.00 and 2888.00
Gold support levels and pressure levels for each cycle:
The weekly support level for gold is in the 2715.00 area, the daily support level for gold is in the 2880.00 area, and the 4-hour pressure levels for gold are in the 2872.00 and 2888.00 areas. If the physical level of 2872.00 rises after 4 hours, then step back and go long at the 1-hour support level. Hold until the 2888.00 area and go short with a backhand.
Today's suggestion: Short sell in the gold area at 2872.00, stop loss at 2881.00, take profit at 2853.00
Short selling in the gold 2888.00 area, stop loss 2897.00, take profit 2863.00
(Set breakeven stop loss when the profit to loss ratio reaches 1:1, pursue a high win rate of 1:1. Wave band moving stop loss protects existing profits held until take profit)
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