Gold has a 9-game winning streak, continue to short gold

Today’s gold trading conditions are as follows:

1. Xauusd:@2340-2342 Sell, TP:2328 Profit: + $3708
2. Xauusd:@2341-2345 Sell, TP:2336 Profit: + $8609

Today in gold trading, I relied on the resistance area of 2340-2345 to short gold many times, and hit my expected target positions of 2328 and 2336 respectively.As of today, I have made more than 112K in short-selling transactions and successfully won 9 consecutive victories.
https://www.tradingview.com/x/HO4c9ma7/

Judging from the current structure of gold, the recent lows of gold have continued to move downwards, and the short-term rebound has been blocked. Gold has been under heavy selling pressure near the upper trend line.Even with the help of news support in the short term, it was difficult to finally reach the previous wave high point of 2347. Compared with the previous rebound amplitude and intensity, it will obviously be much weaker now.

Therefore, even if gold is testing the 2350 mark again in the short term, if gold does not retrace to test support to confirm that gold continues its upward trend, then gold may fall back again after touching the 2350-2355 area. Therefore, in gold trading, you can try to short gold near 2350 in small batches, TP: 2342-2340.

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