Gold remains bearish and unchanged, with 2940 short positions held
Is it impossible for gold to reach a price of $3000?
In my opinion, the target price of $3000 is more like a tempting but illusory pie carefully drawn by the main force for retail investors. This price is almost impossible to achieve in the current market environment. The rumor that gold will rise to $3000 by the market maker is aimed at inducing retail investors to enter the market so that they can sell at high levels. Imagine, without this seemingly tempting target, how could retail investors easily chase after high prices and buy? Once retail investors chase after each other, market makers can smoothly sell, and retail investors are likely to be firmly trapped around the 2940 line.
The goal of $3000 in gold may seem beautiful, but it is actually out of reach.
Trading strategy: Sell gold 2940 short, stop loss 2950. Target 2900
Personal investment sharing requires caution when entering the market
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