Short gold, gold may continue to fall to 3245-3235Fundamentals:
1. Focus on the performance of US economic data and the dynamics of the Federal Reserve;
2. Pay attention to whether the geopolitical conflicts will escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran, etc.
Technical aspects:
The rebound momentum of gold has gradually weakened, and gold has failed to effectively break through the 3320-3330 resistance zone many times recently, and has built multiple short-term top structures in this area, which has limited the height of gold rebound and further strengthened the bearish sentiment in the market, which is conducive to further decline of gold. In addition, gold has tested the area near 3260 many times, which has weakened the support strength of this area to a certain extent. Gold may fall below this area at any time and continue to the 3245-235 zone.
Trading strategy:
Consider shorting gold again with the 3315-3325 zone as resistance, and expect gold to fall below 3260 and continue to the 3245-3235 zone.
