Gold safe haven opened high, surged high, fell back, and continued to short sell in the morning rebound!
The golden weekend was a safe haven, and on Monday, it jumped short and opened high. However, the rise in gold did not continue, and it continued to rise and fall. Therefore, it is still difficult for gold bulls to create big waves. The early rebound continued to be bearish.
Gold continues to fluctuate for one hour, and the moving average is still below and diverging downwards. Gold has not yet broken through 2650 in a safe haven situation, so in the morning session, gold will continue to short sell at high levels below 2650.
The market is constantly changing, and gold has repeatedly fallen back under pressure at the 2650 level. Therefore, before gold can effectively break through and stabilize, it is still advisable to continue short selling at high prices.
The recent bullish or safe haven data on gold has not pushed the bulls further, so they are still unable to keep up. When it rises, it is better not to easily chase after the bulls. Gold continues to fluctuate back and forth within the range of volatility, and a rebound to a high level is short selling.
Morning trading strategy:
Short selling gold 2648, stop loss 2658, target 2625-2615;
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