Spot gold is waiting for a good opportunity to layout short positions in the market!!!
Overnight gold has further risen, but it is now approaching a strong pressure zone, and there is a high risk of chasing gains. However, short selling may not be the right time yet, so be wary of back and forth market washing in the past two days. From a time perspective, next Monday's big cold day may be the best time to lay out empty orders!!!
In the short term, the upper pressure level is around 2708-2710, the strong pressure level focuses on the 2720-2725 area, and the lower support level focuses on the 5-day moving average position of 2685 and the late night low of 2676!!!
Therefore, in terms of operation, it is recommended to trade cautiously at the moment and wait and see for the time being!!!
(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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