GOLD:Continue to short on rebound

٤ ديسمبر

Yesterday, gold retreated several times around 2650-55. Starting today, major data will be released one by one. It is estimated that the current volatility is waiting for data, which may lead gold to run out of volatility. Today we continue to pay attention to the position of 2666. If this position is not broken, it will be bearish;

Relative to the current price, it is not necessary to go short directly. Similarly, it is not necessary for long positions. In this tangled position, it is necessary to use the European session, that is, the intraday strength and weakness to layout the US session trend. Since this trend is volatile, special attention should be paid to the intraday suppression and sideways trading. Like yesterday, pay attention to the resistance of 2655 and choose the opportunity to open a short position.

So I suggest to go short at the rebound of 2650-55, with the target at around 2635, and 2622 if it breaks!

٤ ديسمبر

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