Gold Nearing Peak: Time to Short Ahead of Expected Pullback
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Gold has reached a high level, and technical indicators are starting to show signs of weakening. I anticipate that we are about to see the final short-term push upward, followed by a return to a downward consolidation trend. Prices are expected to drop below 2550.
The current trading strategy is to initiate short positions, gradually adding more as the price fluctuates, and holding until the downward trend begins.
Gold has reached a high level, and technical indicators are starting to show signs of weakening. I anticipate that we are about to see the final short-term push upward, followed by a return to a downward consolidation trend. Prices are expected to drop below 2550.
The current trading strategy is to initiate short positions, gradually adding more as the price fluctuates, and holding until the downward trend begins.
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