Can XAUUSD be shorted further?
Today, the price of gold exhibited a trend of opening low and closing high, consistent with our analysis over the weekend that there would be a downward trend followed by an upward trend. Due to the decline in the US dollar index, the market showed further upward movement, with a short-term resistance level of attention at $1,990.
Personal trading strategy: Enter a short position near $1,990-2,000, with a downside target of attention at $1,970-1,960. Before the release of non-farm payroll data, it is expected that the market will continue to operate within this range. If friends who are trading gold shorts experience losses, they can take this opportunity to cut their losses and exit. I will continue to update the latest strategy.
Regardless of whether your current trading is profitable or not, follow my signals for trading, and doubling your account balance is just a matter of time.
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TP1: 1980
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