3.6 Gold continues to sell short today at 2928
Gold fell short to 2895 in the 2920 area yesterday, as expected, reaching a 4-hour support level. Later in the evening, the group gave 2903 short, falling to 2897.80 to break even, 2915 short fell to 2908 and rose, earning $5 to leave. In the evening, it gave 2926.40 short, falling to 2910 and rising in the 2910 area. Today, the gold price of 2928 remains short. When the daily physical price reaches above 2930, it will be at the no pressure level. Just keep opening positions and go long.
Gold support levels and pressure levels for each cycle:
Gold weekly support level 2715.00 area, gold daily pressure level 2923.00 area, gold 4-hour support level 2909.00 area
Today's suggestion: Short sell in gold 2928 area, stop loss 2934. Take profit 2911 (set breakeven stop loss when the profit to loss ratio reaches 1:1, pursue high win rate 1:1. Wave band moving stop loss protects existing profits held until take profit)
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