The early rebound of the Asian gold market continues to be bearish!
Gold still did not break through the new high yesterday, and the US gold market rose and fell again. Gold bulls still cannot further rise, and they have not broken through their confidence in one fell swoop. The early rebound in the Asian gold market still requires short selling.
If gold continues to fluctuate in a large range within one hour, then don't chase after the high rebound now. Gold has already reached a double peak in the short term within one hour. If gold no longer breaks through new highs, the pressure on the double peak of gold will continue to decline. Before the early rebound of 2665 in the Asian gold market, it continued to sell short at high and low levels. After the decline in the US market last night, it rebounded at 2656 and began to fall back. Therefore, short-term pressure on 2656 can continue to be sold short.
The market is constantly changing, don't think that gold will rise sharply as soon as it rises. Data is gathering in the second half of this week, and it is still difficult to have a major one-sided market before breaking through the range. Rebound high and continue short selling.
Operation strategy for morning trading in Asia:
Short selling gold 2656, stop loss 2666, target 2640-2630;
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.
Tips：This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement：Contact us if the content violates the law or your rights