Gold Spot / U.S. Dollar
Short
Updated

Gold turns bearish in the short term

211
Gold has weakened once again, with the price dropping rapidly and breaking through the support level of 3022, heading towards the sub - 3000 zone.
The previous strong upward trend in the gold market has come to an end!
The price has dipped to test the 3000 level for the first time, and the market direction has turned bearish.
The bearish trend is now firmly established, so it is advisable to set aside long positions for now, as the market is currently dominated by bears.
Once the gold price rebounds and adjusts, short positions can be considered again.

XAUUSD
sell@3025-3030

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Go short on gold at 3020, with a target price of 3000

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