Gold, rebound and continue short selling!
There is a sign that the 30 minute moving average of gold continues to turn downwards. If it continues to form a dead cross, gold will continue to decline. Yesterday, gold rebounded to a high near 2908 in the US market, and the morning rebound was under pressure at 2908 and continued to hit high levels. Gold rebounded above 2900 and can remain empty for the time being.
Gold is no longer unilaterally strong, and bulls are no longer able to turn the tide. The high point of the rebound is getting lower and lower. If gold continues to rebound today, it will give a bearish opportunity.
Morning trading strategy:
Gold 2902 short, stop loss 2912. Target 2880-2875;
Disclaimer: The above is purely a personal opinion sharing and does not constitute operational advice. Investment carries risks, and profits and losses are borne by oneself.
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