GOLD:Short at 2655-58

Dec 9

Although the data released last week was negative as expected, the gold price did not fall sharply and is still in a narrow range of fluctuations. Therefore, our short-selling strategy remains unchanged. The adjustment low of 2613 last week must be broken, and the current downward trend has not been reversed!
The short-term profit-taking point can first look at 2640-2635, which is the low point of these retracements. 2613-2602 is the target of this trend.

Therefore, the trading strategy recommends shorting at 2655-2658, with a short-term target of 2640-2635 and a medium-term target of 2613-2602.

Dec 9

Trade active

Dec 9

Trade closed: stop reached