Sell gold 2682 first, buy more at 2665!
In the past two days, gold has been stuck within the range, forming disorderly fluctuations, and the market has repeatedly washed away. However, with the support of the weekly bullish candlestick, we still tend to continue to rise this week, but it may not go much higher. Last month's high of 2726 may not be able to pass. Stay tuned for next Monday, the 21st trading day of this round's rebound from 2583!!!
In the short term, the 2683 line is currently at the 61.8% golden ratio of 2698-2656, and the white market is wary of the possibility of another decline.
In terms of daily chart, the current situation has formed a bullish trend with one bearish trend. This is a bullish trend, and after repeated market washouts, the bullish trend may once again gain momentum in the evening!!!
So, in terms of operation, it is recommended to sell short at the current price of 2682-2683 in the white market first, and then wait for the opportunity to buy when it falls near 2665!!!
(Investment carries risks, caution is required when entering the market; the above suggestions are for reference only, and profits and losses will be borne by the operator based on this.)
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