Today's gold prices are more and more obvious, but yesterday's retracement trend and today's repeated failure to pull up, the trend is still obviously weak, and the short trend of gold is relatively obvious. Although today's ADP data is bullish for gold, gold did not rise immediately after the data was released, but swept back and forth, so the power of gold bulls is not obvious. https://www.tradingview.com/x/x9vIykIs/
Now the short-term rise of gold has obvious signs of inducing more buying. Moreover, gold is not resolute in the process of rebounding and rising, and it still faces resistance in the 2345-2350 area in the short term. So don't be confused by the rebound of gold. On the contrary, now is a good opportunity to short gold. In addition, before the arrival of NFP on Friday, it is difficult for gold to have a unilateral market. It is expected that gold will still maintain a volatile trend to accumulate strength for the NFP market on Friday.
So now we can still rely on the resistance of the 2345-2350 area to boldly 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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As expected, gold is falling
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Gold rebounded in the short term, providing a second opportunity to short gold
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Any rebound in gold is an opportunity to short gold
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Boldly short gold under 2355
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Continue to short gold near 2356 and hold the position overnight
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