Gold continued to fall today and fell below the 2300 integer mark as expected, reaching a low of around 2293. There is no doubt that the short-selling force is in full control of the situation. In terms of recent trading, I have basically maintained the rhythm of shorting gold. Obviously, today is another day of making a lot of money. https://www.tradingview.com/x/hr77ldiM/
Although gold started to rebound after reaching 2293, the rebound was extremely weak and the overall bearish sentiment on gold was strong. It is undeniable that after gold fell below 2300, some bargain hunting funds began to buy gold, so relatively speaking, there were some differences in the market. Then we must be extra careful in trading! It is not ruled out that there will be a temptation to go long in gold.
However, in the next transaction, since the gold price has fallen so much, it is impossible for gold to suddenly rebound without the stimulation of important positive news. The reversal is not so fast! So even if gold rebounds, it cannot be expected too high! So next I still tend to short gold after the rebound. As gold falls, the resistance area moves down. First, we mainly focus on the resistance in the 2310-2315 area; secondly, the resistance in the 2320-2325 area.
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Giao dịch đang hoạt động
Wait patiently for gold to rebound and continue to short gold
Giao dịch đang hoạt động
If gold rebounds to around 2312, we can start shorting gold in small quantities
Giao dịch đang hoạt động
If gold closes below 2300, then gold will definitely try to touch the 2285-2280 area, or even the 2270 area
Giao dịch đang hoạt động
We will still look for opportunities to short gold, targeting the 2385-2380 area
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