Gold has rebounded, is it going to turn around? I don’t think so. The rebound is an opportunity to go short. Before the trend changes, we should go all out. The current price of gold is 1921 and we are directly short!
The 1-hour moving average of gold continues to cross downwards without any sign of turning, and the opening is wide open. Now it is like catching a flying knife in the air. After the 1-hour head and shoulders top structure of gold, it broke the neckline and continued to hit new lows, indicating that the short-term top has been established, so it will not reverse directly so quickly. Gold's 1-hour downward trend line has also knocked gold out of breath. Now the resistance of the downward trend line has moved down to around 1922, and the current price of 1921 can be directly shorted first.
The market is changing rapidly, with ups and downs. This is normal. Only bulls will start to get excited after a rebound, thinking that an opportunity has come. Of course, it is also an opportunity for us, that is, it is given the opportunity to go short. The trend has not changed yet. A rebound is a paper tiger, continue to be empty.
Gold 1921 empty, stop loss 1928, target 1910-1905;
Has won 23 consecutive victories, who else is not convinced?
交易進行:
The general direction of gold is correct and continues to fall.
交易進行:
Gold will fall after adjustment
交易進行:
The fall of gold is too exciting, this is my analysis
