Short gold, the bears will still counterattack after the rebound

4 天前

Gold rebounded to the 3305-3315 area as expected, and our gold long position successfully won 360pips profit. So after standing above 3,300 again, will gold resume its bullish trend?

I think that although gold has stood above 3300 again, it cannot be confirmed that the decline has been completely reversed for the time being. Relatively speaking, gold bears still have the upper hand. In the short term, gold is under pressure in the 3325-3335 area, so before recovering this area, gold bears still have repeated fluctuations, and may even test the 3305-3295 area again. So we can't blindly chase gold in trading.

Before gold recovers the 3325-3335 area, gold can only be regarded as a rebound, not a reversal. So gold bears may counterattack at any time, so in short-term trading, we can consider shorting gold with the 3325-3335 area as resistance after gold rebounds. The first entry area that must be paid attention to is 3320-3330.

4 天前

交易進行

Before the gold price recovers the 3325-3335 area, the gold price can only be regarded as a rebound, not a reversal. Therefore, the gold shorts may counterattack at any time, so in short-term trading, we can consider continuing to short gold after the gold rebounds. The first entry area that must be paid attention to is 3320-3330.

4 天前

交易結束：目標達成

Gold reached the 3320-3330 area as expected, and then fell under pressure. Our short positions have begun to make good profits, but it is clear that gold bears will continue to exert their strength, stimulating gold to continue to retreat. Let us look forward to gold being able to retest the 3305-3295 area again.