Gold 2750 short selling, top of the game

2025-01-22 2561

Gold started to exert its strength around 2702 after the early opening yesterday, reaching a high of around 2732 before the European session and then retreating to around 2716 before continuing to rise. After reaching a high of around 46, it slightly retreated, and the daily chart closed in the form of a large bullish line. After a small retreat in the morning, it rose again and has now reached a high of around 2749, which is also the opening and falling line 2750 in the previous period. This position is currently the last lifeline of the bears. If the pressure is effective, this position is likely to be punctured, but there are still some areas for discussion, as it is also the opening and falling line in the previous period, and there may be a wave of large pullback correction below. The support remains at yesterday's top bottom conversion line of 2732, but once it falls back to this level, the bulls are likely to be unable to recover, At present, the overall trend is still strong, but there are also opportunities for us to try short selling. The key is to see the secondary performance of the European market. Many times, the market is inadvertently giving a signal of market reversal. Therefore, for gold, we will first try to short around 2749-50, with a target of around 2735-30 and a loss of 2756.5. If there is still no sign of a decline in the European market, we need to adjust our position. If there is a pullback in the European market, the target below can be seen around 2722-18.

[Wednesday Operation]: Short sell directly near 2750 during the golden day, with a target of 2735 and a loss of 2756.5;

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