Gold, sell short directly at the morning current price of 2868!
Gold rose as a safe haven in the morning session, as we mentioned this weekend. It is reasonable, but gold did not break through the resistance of 2877, but instead rose and fell back. Therefore, the safe haven rise in gold may be digested, and gold will continue to be short in the morning session. The current price of gold in the morning session is 2868, which is directly short!
The 1-hour moving average of gold is still a bearish divergence with a dead cross downward. Although gold bulls seem to have a strong rebound in the safe haven situation, the situation has not been reversed yet. The resistance of the moving average of gold in the morning fell directly, so the strength of gold bulls to continue to rise is not strong. Gold will continue to be short in the morning, and gold can be directly short at 2868 in the morning.
The market is constantly changing, and gold bulls cannot turn the tide even in a safe haven situation. Therefore, gold bulls may only be a flash in the pan. Gold bears are still the next home ground, and gold will continue to be short. However, gold should also pay attention today. If it does not fall for a long time, the 1-hour moving average of gold may begin to turn around. Therefore, we need to give up continuing to be short and adjust our thinking. If we can smoothly fall in the morning, then gold bears will continue to be the home ground of bears today.
Morning trading strategy:
Gold 2868 short, stop loss 2878. Target 2840-2830;
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