Gold trading 5 consecutive wins, rebound continues to sell

Today we shorted gold near 3030, and finally took profits at 3015. Friends who followed the trade made a lot of profits. Congratulations to everyone!

In the previous article, I said that as long as the two suppression levels of 3030 and 3038 are not broken, gold will still be bearish. Now that the gold price has fallen as expected, our view can continue to remain bearish.

Since it is a downward trend, rebound is an opportunity to short. Now the gold price has rebounded from the support of 3005. According to the Fibonacci retracement indicator of 3057-3000, the 0.618 position is near 3021, and the 0.5 position is near 3028. I think it is possible to consider selling gold again when it rebounds to these two positions.

You can also wait for a higher position if you are more stable, but it is also possible that you will start to fall directly from the first resistance just now and miss the opportunity.

The market is like this, unpredictable. Only by adjusting the strategy in time according to the actual market dynamics can you seize the opportunity. Join the following group to get more accurate real-time signals, seize every opportunity, and you can also make money.