Gold is currently trading at 2927 in the morning session and is directly short!
Gold fell sharply last night, despite a strong pullback, it still came under high pressure and fell back. There is still heavy resistance above, and yesterday it broke levels repeatedly. Gold continued to be under pressure in the morning and fell short; Gold is currently trading at 2927 in the morning session and is directly short!
Gold has a 1-hour top structure, then broke through and fell. Gold is still under pressure from breaking through the level, and has fallen below the lower boundary of the previous days' high volatility. Gold is still under pressure from rebounding, and even under the pressure of 2930, it is still at a high level. The current price of gold around 2927 in the morning session can be temporarily short.
The gold bears have started to show their muscles. We will wait and see if they will continue to exert their strength. The current market trend of gold is only a rebound. A rebound is an opportunity to give up.
Morning trading strategy:
Gold 2927 short, stop loss 2935. Target 2900-2890;
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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