Gold is still fluctuating, and the Asian market continued to sell high in the morning session!
Gold is still fluctuating, don't chase after the rise and kill the fall. Gold still needs to wait for Friday's non farm payroll to get out of its direction. If gold rebounds to a high level in the morning, continue to short sell.
Gold continued to fluctuate within an hour, and its rebound was marked by multiple surges and falls. Moreover, last night's small non farm gains and risk aversion did not sustain the rise of gold, making it difficult to continue rising. Gold was under pressure from the US market at 2657 last night, suppressing its decline on the first line. In the early morning, it continued to sell short at high prices.
Gold has been fluctuating for quite some time recently, so it is also easy for new major market trends to break out.
On Friday, non farm gold may break through the volatile range, and then continue to follow the trend once it becomes clear. Currently, it is still in a large range of volatility, and if it rebounds to a high level, it is still advisable to continue short selling.
Operation strategy for morning trading in Asia:
Short selling gold 2655, stop loss 2665, target 2630-2620;
Disclaimer: The above is purely a personal opinion sharing and does not constitute operational advice. Investment carries risks, and profits and losses are borne by oneself.
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