Gold has entered a bearish state, rebounding today and continuing to sell short!
The gold market continues to compress, with high points continuously adjusting downwards. The market has already gone through a complete adjustment wave, and there is still room for further downward exploration. Yesterday, everyone's short selling at high levels has won a complete victory and left the market. However, today's operating strategy remains unchanged, and the market rebound continues to remain bearish. Today's low point is below 3000 points!
The current one hour market situation is bearish, with moving averages suppressing the high points of market rebound. Each wave's high point is a gradually declining trend pattern, so today's high point is relatively easy to touch. Let's focus on the high point of 3033, which was drawn back last night, as a watershed for short selling under pressure! The pressure of the moving average is at the level of 3025, and if the market rebounds in the morning and reaches 3025, you can sell short first!
Specific strategies
Gold 3025 short, stop loss 3035. Target 3005
Disclaimer: The above suggestions are for reference only. Investment carries risks, and operations should be handled with caution.
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