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Long position VS. short position: Which one is better?
In the world of trading, understanding the concepts of long and short positions is crucial for making informed decisions. A long position involves buying an asset with the expectation that its value will rise, while a short position entails selling an asset you don't own, betting that its price will fall.
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Gold Intraday: intraday support around 4109.
Gold (XAU/USD)
-13.34-0.32%
long positions above 4109 with targets at 4159 & 4185 in extension.
Pivot: 4109
Our preference: long positions above 4109 with targets at 4159 & 4185 in extension.
Alternative scenario: below 4109 look for further downside with 4083 & 4064 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4210
4185
4159
4129 Last
4109
4083
4064
Our preference: long positions above 4109 with targets at 4159 & 4185 in extension.
Alternative scenario: below 4109 look for further downside with 4083 & 4064 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4210
4185
4159
4129 Last
4109
4083
4064
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
