Gold price expected to fall: $4,150

As shown on the 2-hour chart:

Today we saw a false rise in gold prices followed by a fall.

But is it really stable?

Are downtrends really safe?

At least on today’s trade we made a nice profit of $3,200 per contract.

Continuing with our trend-based strategy:

We now believe the probability of gold prices actually rising is over 70%.

Based on this assumption:

Gold’s effective resistance level: $4,200-4,190

Gold’s effective support level: $4,180

The current trading strategy is very simple:

Price: $4,190

Stop loss: $4205

Take profit: $4150-4100

There are countless profitable trading strategies and methods.

But from the perspective of technical analysis, this strategy is currently the most cost-effective.

We believe gold prices will fall below $4,150.

Therefore, this strategy is ideal.

You can understand my trading rhythm by viewing the real trading logs on my channel. After long-term practice and trading experience, my trading concepts and methods have proven to be very effective.

I led my team to achieve an average return of nearly 100 points per week.

We only send out one or two high-quality signals every day.

But fewer signals doesn’t mean less profit.

In fact, our trading pace is very slow and flexible.

We will now continue to monitor whether gold prices will fall as we expect and hit the next target: $4,150.

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