Short sell directly at the current price of 2609 in the morning session of gold!
Gold has rebounded in recent days and has been short selling continuously. Gold has won five consecutive games, and it is still in a bearish trend. The early rebound is an opportunity to continue short selling. The current price of gold in the morning session is 2609, so it can be sold directly!
The 1-hour moving average of gold continues its bearish streak with a death cross downward, and gold continues to hit new lows. Currently, gold is clearly still in a bearish trend, so it should continue to follow the trend and hit a new low. Last night, gold rebounded under pressure in the US market at 2622 and continued to fall, then hit a new low. Today's 2622 was an opportunity for short selling at every high, but the short-term rebound of gold near 2610 was suppressed. If gold is under pressure at 2610 in the morning session, it can be short first. If gold is under pressure at 2609 in the morning session, it can be short sold first.
Going against the trend, gold is still in a bearish trend, and a rebound is short selling.
Operation strategy for morning trading in Asia:
Short selling gold 2609, stop loss 2617, target 2595-2590;
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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