Gold oscillates at a high level, bearish near 2950
Bull is not bull, yesterday the gold 2948 short order entered the market not long ago, and then began to decline. After the data, the gold price fell sharply, and our short order also reduced its position on the 2928 line to make a profit.
The 4-hour cycle gold price is running above the moving average, and theoretically should have a strong upward trend. However, gold has been fluctuating around historical highs, which seems like a conspiracy of the main force. The longer the main force stays sideways at this point, the more investors will enter the market at this point. The market cannot make money at all, so there must be a waterfall at this point. If you don't listen to me, if you enter at this point, you will definitely be trapped tightly when the waterfall falls. Either you will be released in 8 years, or you will cut your losses and cut your losses.
If there is no rise in a sideways trend, it means a decline. The main force is trying to trap people, so I want to lead everyone to escape to the top and then go short. This empty position is not always empty, but rather a controlled short selling around 2950 this time.
Trading strategy: Short sell gold 2950, stop loss 2960, target 2900
Personal investment sharing requires caution when entering the market
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