Gold short-term double peak, rebound pressure, short sell first!
Although gold rose rapidly in the morning session, it still faced pressure from historical highs and was suppressed by double tops above gold. If the rebound of gold in the morning session cannot break through historical highs, it will continue to be bearish.
The 1-hour moving average of gold is starting to turn, and it is at a high level. The 1-hour moving average of gold is still in a double top form, so the pressure on the high point of gold in the morning session will continue to rise. Today is a crucial day for gold. If gold cannot rise and break through today, there is a high possibility of a significant adjustment in gold. Gold rebounded from a high of 2887 in early trading, hitting a high at the bottom.
The market is currently at a high point, and if gold can break through and maintain its historical high, then it will have further upward momentum. Do not break through and rise or fall at any time.
Morning trading strategy:
Gold 2880 short selling, stop loss 2890. Target 2845-2835;
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