Bros, gold fell as expected and touched the short-term support area of 2635-2630, and then rebounded again. Currently, gold is running around 2639.
At present, gold is repeatedly bullish and bearish in the short term, and neither the rise nor the fall is sustained. The overall market can be classified as a volatile market. However, from the perspective of the strength of gold's rebound, gold is relatively weak, and it has never effectively broken through 2650 during the rebound. So in short-term trading, we still focus on shorting gold after the rebound.
Then the area we focus on first is the 2645-2650 area, followed by the 2660-2665 area. As long as gold remains below 2660, I think the short energy is still slightly better, so at the right time, we can short gold with the 2645-2650 and 2660-2665 resistance areas.
Bros, are you as bearish on gold as I am? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
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