💛Is the gold price about to crash?! PAXG short positions go go go! 📉
Don't chase around 4070 dollars for gold! Bearish signals are full! ⚠️
🔥The Federal Reserve is extremely hawkish in November! The probability of a rate cut in December drops from 90% to 39%✈️, and the 10-year Treasury yield has surged to 4.14%📈, holding gold, an asset that doesn't generate interest, is a loss! The Empire State Manufacturing Index soared to 18.7, reaching a new high for the year💪, the U.S. economy is strong, who still needs to hedge?
🇨🇳🇯🇵Though China and Japan are in a spat (the Japanese Prime Minister misspeaks + China issues a travel warning on 11/15), it's just talk, there won't be a real trade war～After China's gold tax reform on 11/1, jewelry consumption dropped directly by 25%💎, although investment demand increased by 24%, the overall situation is still weak!
📊The technical side has already broken down:
✨Resistance levels 4145-4190 can't hold
✨Breaking below 4000 support → heading straight for 3930 or even 3846!
✨RSI is overbought and may adjust at any time⚡
💰Guide to entering short positions:
Entry: Short at 4050-4150
Target: 3930-3900
Stop loss: 4225
Risk is on you! 🙏
The U.S. government shutdown has ended after 43 days on 11/12✅, the chaos period is over! Now is the right time to enter short positions! 🎯
‼️Remember: Don't chase highs, trade rationally, diversify investments!‼️
