Short selling of gold 68-69, rebounding and continuing short selling
When we were young, we all felt that we had superpowers, were unique, and could do things that others couldn't. As we grow up, we gradually realize that we are not so powerful, just ordinary, and even far behind most people. Often, time will slowly give us what we want, but it will also slowly take away what we cannot bear to part with!
Gold fell sharply again last Friday, hitting a low of around 46 before stopping, continuing the bearish trend of Thursday. It closed at the end of last week in the form of two large bearish lines, but appeared calm after opening in the morning. After a small pullback, it is currently maintaining a volatile situation. Looking at the current trend, the two-day pullback has basically disrupted the previous upward trend, and the short-term moving average of the daily line has also formed a suppressed form. The support level in the early stage is also likely to transform into a top bottom pattern to form a suppressive effect, while the key support below is maintained at the low point of 2600 in the early stage. In the short term, we still need to bearish on the market. However, we need to pay attention to the bearish trend. If there is a direct decline, it still requires a certain amount of pullback correction, which needs to be verified by the strength of the European market, If there is a willingness to make a pullback in the European market, the key pressure above will remain at the 70 level, which is also our ideal short selling point in the later stage. If the European market experiences a sideways correction, we can directly sell gold before the US market. However, once we break through the intraday high point, it is still more appropriate to wait for short selling around 70. At the same time, if the European market breaks through today's low point, we can still short sell near this position where the US market previously made a pullback,
[Monday Operation]: If you first reverse draw near 2668-69 and short sell during the golden day, the target is around 55-45, with a loss of 75.5.
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