Gold fluctuates and rebounds, pay attention to short-selling opp
https://www.tradingview.com/x/kkxb9NNR/
Gold fails to break new lows after volatile yesterday
Continued shock overnight
Rebounded in early trading and broke through yesterday's high
Judging from the current market trend
After a round of decline
Gold enters a rebound and shock correction pattern
The medium-term trend is still mainly bearish
Short-term retracement after the U.S. dollar continues to rise
But the decisive thing is whether the dollar will retreat in the short term or will form a continuous decline
If the U.S. dollar cannot continue to fall in the short term
Then gold will still fall again after rebounding and correcting, and the trend will be bearish.
Therefore, gold remains focused on rebound short selling opportunities during the day.
The upper pressure position 1930-1935 area
In the day, it is expected that the rebound will be dominated by shocks and rebounds in the white market
Pay attention to the short signal appearing in the small cycle after the counter-draw is in place before participating.
Operation is divided into two steps
1. If you retreat to around 1922 first, you will see a rebound to around 1930
Second, if you touch the 1933-1935 area, go short, defend 1940, and target the 1920-1915 area. If it falls below the new low, hold and look at the 1905 area.
Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
Gold fails to break new lows after volatile yesterday
Continued shock overnight
Rebounded in early trading and broke through yesterday's high
Judging from the current market trend
After a round of decline
Gold enters a rebound and shock correction pattern
The medium-term trend is still mainly bearish
Short-term retracement after the U.S. dollar continues to rise
But the decisive thing is whether the dollar will retreat in the short term or will form a continuous decline
If the U.S. dollar cannot continue to fall in the short term
Then gold will still fall again after rebounding and correcting, and the trend will be bearish.
Therefore, gold remains focused on rebound short selling opportunities during the day.
The upper pressure position 1930-1935 area
In the day, it is expected that the rebound will be dominated by shocks and rebounds in the white market
Pay attention to the short signal appearing in the small cycle after the counter-draw is in place before participating.
Operation is divided into two steps
1. If you retreat to around 1922 first, you will see a rebound to around 1930
Second, if you touch the 1933-1935 area, go short, defend 1940, and target the 1920-1915 area. If it falls below the new low, hold and look at the 1905 area.
Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.