Gold's fall is not enough, continue to short gold!

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Today, gold once again tested Friday's US market high near 2347 and continued to fall. It did not continue to sprint to the 2350-2355 area. Gold is still in the low-level shock repair stage. Moreover, there is some lack of strength during the rebound. Based on the current situation, gold may have to trade time for space. Gold's rebound failed to break through the 2350 level, so it is not too early to determine whether gold will stabilize and reverse upward. Only when gold's short-term heavy volume breaks through the 2350-2355 area will further rise and breakthrough be possible.
https://www.tradingview.com/x/lyktereF/

So in terms of trading, gold is still in a weak position until it breaks through the 2350-2355 area, so I would be more inclined to short gold. Then expect a new downtrend to break out.

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٢٧ مايو ٢٠٢٤

تم فتح الصفقة

Gold's rebound is weak, gold's rebound is an opportunity to short

٢٧ مايو ٢٠٢٤

تم فتح الصفقة

Gold still failed to break through the 2350 area in the short-term rebound. Gold as a whole is still weak and gold will continue to fall.

٢٧ مايو ٢٠٢٤

تم فتح الصفقة

Now continue to short gold

٢٧ مايو ٢٠٢٤

تم فتح الصفقة

Gold’s rally has stalled, and gold’s short-term rebound has encountered obstacles and will fall back