After gold broke through last Friday's high yesterday, the market was expecting gold to rise further or hit the previous historical high. However, gold only rebounded and hit around 2526 before falling under pressure. Obviously, we shorted gold near 2525 yesterday and successfully hit our TP: 2510. Many people laughed at me for shorting gold in the chat room yesterday, but time once again proved that I was right. This is the charm of market trading!

Although gold is currently at a high level and seems strong on the surface, as the bullish momentum weakens, the resistance area is gradually moving down, while the support is gradually being broken. Today, gold continued to fall from around 2518, and the gold short momentum is gradually strengthening. Therefore, I expect the adjustment range of gold may continue to expand. Therefore, in terms of trading, I still maintain the idea of ​​shorting gold on rallies. At present, the 2518-2520 area is regarded as a short-term resistance, and the further resistance area is located in the 2525-2530 area. The retracement target is first bearish on falling below the 2500 mark; if you want to look at the band, then the retracement stage target can be the 2460-2450 area.

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تم فتح الصفقة
Short gold! Interim target: 2460-2450! In terms of trading, I still keep the idea of ​​shorting gold on rallies. Currently, the 2518-2520 area is considered as short-term resistance, and the further resistance area is located in the 2525-2530 area. The retracement target is first bearish on falling below the 2500 mark; if you want to look at the band, then the retracement stage target can be the 2460-2450 area.
تم فتح الصفقة
Gold rebound is not strong, bears may counterattack at any time
تم فتح الصفقة
Although gold has not fallen effectively, the bullish momentum has weakened too much compared to the recent period.
تم فتح الصفقة
Gold bulls are weak, which is more conducive to bears to play an advantage
تم فتح الصفقة
As long as gold does not break through the 2520-2525 area, then gold will definitely fall back
تم فتح الصفقة
Do you think gold will drop to 2460-2450?
تم فتح الصفقة
No need to wait, add positions to short gold near 2525
تم فتح الصفقة
Although gold rebounded, it still did not break through yesterday's high near 2526, and gold was suppressed to a certain extent.
تم فتح الصفقة
Relatively speaking, I am still optimistic about the decline of gold, and the interim target is 2460-2450
تم فتح الصفقة
Gold failed to break through 2530 again and now fell back to around 2516. Our short position has started to make profit again.
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