Gold is still fluctuating, waiting for a rebound to around 2635 and short selling at high prices!
Gold is still oscillating, and the current volatility of the market is widening. Last week, it was emphasized that the current high point of the range is at 2639, while the support below is around 2610. After hitting the bottom near 2610 last week, gold experienced a rebound. We will not chase the rise in the morning and wait until it rebounds to the upper high point before considering short selling at any high!
The trend of the one hour market started to rise at the opening and has already swallowed up the big bearish candlestick of last week's May Day market. Simply put, the decline of gold has been controlled and the rebound is underway, but it has not yet reached our expected operating point. Short selling at a high below 2639 is necessary to wait until it reaches around 2632 under the defense of $8! So please continue to patiently wait for the morning session!
Physical Strategy
Gold 2635 short, stop loss 2643, target 2610
Disclaimer: The above suggestions are for reference only. Investment carries risks, and caution should be exercised when operating
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