During the Lunar New Year period, the gold price tends to rise to a range of 1937-1940, and as there are usually more holidays in January, this often triggers what is called "fake breakout" situations. Therefore, I believe it is worth considering the possibility of predicting a fake breakout and returning to the bottom of the channel.
Strategy A: Sell Limit
Short sell around 1940, with a stop loss at 1946 and a take profit at 1918.
To be reminded that if 1946 is broken, it might go higher than expected. Let's do it in the VIP telegram channel for more live trading tips and sharing.
Result --->>> Bingo
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