Gold Spot / U.S. Dollar
Short
Updated

If it falls below 2850, it will definitely continue to near 2830

95
Gold failed to rebound during the day, but fell directly below the 2860 mark and continued to around 2851, which is in line with my expectations mentioned above. However, gold did not continue to fall after reaching 2851, so we need to focus on the breakout of 2850. If gold falls below 2850, then gold will inevitably continue to the area around 2830. Therefore, in short-term trading, we still mainly follow the trend to short gold. Therefore, in short-term trading, we still focus on shorting gold following the trend. The short-term upper pressure is in the 2865-2875 area, so when gold rebounds to this area, we can maintain the attitude of shorting gold. I always firmly believe that profitability is a measure of strength.

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Trade active
If gold falls below 2850, it will definitely continue to the area around 2830. In the short term, the upper pressure is in the 2865-2875 area, so when gold rebounds to this area, we can maintain the attitude of identifying and shorting gold.
Trade closed: target reached
Gold continues to fall, and we are still mainly following the trend to short gold
Note
Gold has now fallen to 2837, and it has fallen by more than 100 points. It is recommended to try to place a long order at 2830, and then try to go up to 2850. For short orders, it is still necessary to make a real-time decision based on the degree of decline! !

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