At present, gold still maintains a weak downward trend and successfully breaks through the previous key support area of 2335-2330. It has already fallen below the previous low of 2325. Although it is just a puncture, the upward trend of shocks has been destroyed. The market trend has obviously changed. In addition, gold is running below the moving average today, and there is almost no resistance during the decline. The short-selling force will temporarily dominate the direction of the market. https://www.tradingview.com/x/urZsWEul/
As gold falls, the upper resistance also moves down. At present, the short-term resistance is concentrated in the 2340-2350 area. So we are still boldly shorting gold in this resistance area!
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Gold bears still dominate the market, and the decline in gold is far from over
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Gold rebound is a good time to short gold
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As long as gold does not break through 2350, it will fall again
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Gold is subject to the pressure of 2345-2350 in the short term. If it fails to break through for a long time, gold will continue to fall.
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Continue to short gold near 2350
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Gold is retreating and our short position has made a nice profit
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