Gold surged and fell back in the morning session, waiting for the rebound to take advantage of the short market!
Gold has already weakened. In the morning session, the price of gold rose but encountered resistance at 2940 and then fell sharply. The weakness of gold is visible to the naked eye. With the daily stagnation, the short-term top shape gradually appears, and gold will also undergo a correction under the pressure of 2940 in the future! So stay bearish in the short term recently! This round of adjustment saw the low point below 2916!
The gold price fell rapidly in the morning session, and the bearish energy was strong during the session. However, it is not recommended to directly chase after the sharp decline and rise in the morning session, as it is often easy to get stuck due to this operation technique. At present, the upper pressure level of 2940 has been clearly defined, and waiting for a rebound is the most stable and safe strategy! Wait for the gold price to rebound to around 2940 in the morning before selling short!
Tips：This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement：Contact us if the content violates the law or your rights