Gold: Sell Before the Decline! Understand That Long Means Long, Short Means Short.

地平线全球策略2026/09/02 05:37

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We closed our gold long positions around 4650 and switched mostly to shorts, after which it has continued to fall up to now…

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CMX Gold (Daily Chart, as of 260830)

CMX Gold (5-Min Chart, as of 260828)

Gold triggered a reversal to shorts within the week, and with Friday's speech the decline accelerated, marking the first momentum-down day after this round of gains.

Some friends asked if the holding period for gold trades seems to have shortened lately. In fact, the length of time is not up to us; rather, it depends on how smoothly the price moves. In reality, the entire previous two years saw gold trades with smooth trends lasting at least 3-8 weeks, and multi-month holds were common as well. The fundamental reason was that gold was in a perfect uptrend during that time:

CMX Gold (Weekly Chart, as of 260830)

This is gold’s weekly trend. On a larger time frame, you can clearly see the resistance gold is facing; 2026 is not 2024, nor even 2025—this is the fundamental reason why the trend is no longer smooth.

So far, the weekly level is still in a bearish channel, but the momentum has not broken down and has actually rebounded upwards. As a rebound following a momentum peak, touching the upper edge of the channel is possible, but it will take time. However, time is the most precious thing of all; this big picture is why we always keep a portion of capital specially devoted to gold trading. But I still won’t hold out of inertia.

GDX (Daily Chart, as of 260830)

Triggered stop profit and exited.

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CMX Silver (Daily Chart, as of 260830)

Took profit at the close, exited.

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White precious metals:

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If you have really mastered Lesson 1, you should fully understand now why the bearish trigger and stop-loss levels are set at these points.

CMX Gold (5-Min Chart, as of 260828)

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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