CFDs on Gold (US$ / OZ)
Short
Updated

Gold has two winning streaks, how to trade in the short term?

102
The 1-hour moving average of gold has begun to turn gradually, and the strength of gold bulls has begun to weaken. Gold may continue to adjust in the short term. The 1-hour short-term double top structure of gold. Gold subsequently rebounded but did not continue to set a new high. Today, the rebound was under pressure at 3232 and began to fall back.Gold still has the opportunity to adjust, and gold will continue to watch the adjustment market in the short term.


snapshot

Trading ideas: Short gold near 3230, stop loss 3240, target 3200
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Gold rebounded to around 3230

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