After the sharp drop in gold, it rebounded and corrected, and the short-term direction has turned short!
Last night, the price of gold fell sharply, with a short-term drop of nearly $60, which is also a significant drop in recent times. Currently, the price of gold has changed its volatile pattern from a short-term perspective and will turn into a bearish trend. In the morning, the price of gold rebounded strongly and will take the opportunity to sell after reaching pressure! There is significant downward potential below, while the upper level is basically stuck at the 2955 line!
In the morning session, the gold price rebounded, with a sharp rise corresponding to a sharp decline. After last night's sharp drop, the rebound correction is also a basic technical correction trend. If there is more rebound, there will naturally be another wave of decline. Everything in the world is interdependent! The first rebound during the trading session reached the pressure level of the 2932 moving average. In the early trading session, the idea turned bearish, and trading could begin near 2932. Let's take a look at the space around $20 below!
Specific strategies
Gold 2932 short, stop loss 2940, target 2912
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