Gold rebound is weak, continue to short gold
Updated
After the sharp drop on Friday, the gold market today returned to the shock and repair market. It is currently in a narrow range of 2330-2325, basically in the middle position, relatively speaking, without touching the resistance or support area, so up to now, there are not many opportunities to really participate in market transactions. Gold currently rebounded to around 2332, and did not touch the current 2340-2345 resistance area during the rebound, and then fell back, but did not touch the 2315-2310 short-term support area again during the decline. Therefore, in terms of trading, it is extremely confusing!
https://www.tradingview.com/x/CZLdOYB7/
In general, gold is in the stage of rebound and repair, and the short force is still slightly dominant. Because the rebound of gold is weak, it has not even reached the vicinity of 2335. So in terms of trading, I am actually more inclined to short gold at high levels, but before gold falls below the support area of 2315-2310, gold bulls still have room for defense. So we must master the transaction price and rhythm in trading.
If gold falls back first later, we might as well try to go long on gold with the 2315-2310 area as support; and the key resistance area above is 2340-2345. If gold rebounds to the resistance area first, we can choose to short gold!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
https://www.tradingview.com/x/CZLdOYB7/
In general, gold is in the stage of rebound and repair, and the short force is still slightly dominant. Because the rebound of gold is weak, it has not even reached the vicinity of 2335. So in terms of trading, I am actually more inclined to short gold at high levels, but before gold falls below the support area of 2315-2310, gold bulls still have room for defense. So we must master the transaction price and rhythm in trading.
If gold falls back first later, we might as well try to go long on gold with the 2315-2310 area as support; and the key resistance area above is 2340-2345. If gold rebounds to the resistance area first, we can choose to short gold!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
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Short gold above 2334
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