Gold rebound weak, Asian market early rebound continues to short sell!
After the early opening of the gold market, it surged and fell back. The gold bulls did not further rise. As we mentioned over the weekend, today is the crucial day for gold. If gold weakens today, it may choose to go down; The early rebound of gold continued to be bearish.
Gold rises and falls at a high level in one hour, and then falls again in one hour. Therefore, gold is at the top structure in one hour. Gold has been under pressure multiple times above 2940 and has fallen back. Therefore, gold has effectively suppressed the short-term trend of 2940. Gold rebounded in the morning and continued to hit high levels below 2940.
The market is constantly changing, and since gold bulls are unable to turn the tide, gold bears will continue to test the bull's knife. Therefore, gold will continue to be weak in the short term, and gold will continue to sell short today.
Morning trading strategy:
Sell gold 2940 short, stop loss 2950. Target 2920-2910;
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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