Gold rebounded 2640 in early trading and continues to short sell!
After hitting a high and falling back yesterday, gold made another pullback, but the pullback did not continue to reach new highs. Gold continued to fluctuate within a large range and rebounded to high levels in early trading, continuing to sell short.
The 30 minute moving average of gold continues to be bearish with a death cross. Gold rebounded at 2641 last night and began to fall under pressure. In the morning session, gold rebounded below 2641 and continued to hit high ground. This week is a data week, and it is highly likely that the gold market will continue to fluctuate at the beginning of the week. After waiting for the data, the long and short positions will be determined again. Gold rebounded to high levels in early trading or continued to sell short.
The market is all current, and there is no trend market yet. So don't easily buy too much. If gold rebounds to a high level, continue to sell short. After gold breaks through the range, follow the trend.
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