Because gold fell by US 50 on Friday due to the impact of non-farm payrolls data.As the retracement space increases, it will make the recovery insufficient, so for gold as a whole, it is still biased towards short-selling, so in trading, we mainly maintain the idea of rebounding and shorting gold.So when we are trading on Monday, we can execute according to the following trading rhythm. https://www.tradingview.com/x/3KndK8Uo/
1.Don't chase short directly, because as the room for retreat increases, the market's risk-averse buying still supports gold, and gold may be pushed up at any time, so don't easily chase short gold directly at a low level. 2.Pay attention to the 2030-2040 resistance area above. If you enter the resistance area for the first time, you can appropriately consider shorting gold. 3.The following support focuses on the 2007-2005 area, and further focuses on the 2000-1998 area.
The above are the key areas that need to be paid attention to in the short term, as well as the general trading rhythm, and I will publish more detailed trading rhythm and entry positions in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.