Short position remains unchanged, holding 2662 short positions in overnight gold
The short position of overnight gold 2662 remains unchanged, bearish. The basis for bearish sentiment is not the several peaks of the 4-hour cycle, but the pressure of the 60 day moving average in the daily cycle. Gold prices have failed to break through this resistance level multiple times, which is also the basis for our bearish position. Therefore, we will continue to hold the 2662 short position.
We can clearly see that the position of 2665 is really important. Only when the gold price reaches the pressure level of the daily cycle 60 moving average of 2665, can we judge that the current trend has changed from oscillation to uptrend. But as long as the gold price is still suppressed by this moving average, there will be 2662 short positions.
Long and short are at a certain price point, which is the watershed price between long and short positions. It is important to pay attention to this price point during trading, as it plays a crucial role in carrying the turning point between long and short positions.
In short, as long as you haven't broken through the first line of 2665, you can safely hold a short position in 2662.
Trading strategy: Hold gold 2662 short, stop loss 2672, target 2642
Personal investment sharing requires caution when entering the market
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