Gold oscillates at a high level, and the early rebound continues to be bearish!
Gold has started to fluctuate again. Yesterday, gold rose to the level of 3035 in the US market and fell back under pressure. Gold was sold short at 3032, and it fell and harvested as scheduled. Gold fluctuated at a high level, and the early rebound continued to be under pressure.
The 1-hour moving average of gold is still a dead cross bearish arrangement, and the bullish strength of gold is limited. The 1-hour oscillation of gold is a range oscillation. Yesterday, gold was under pressure at 3035 in the US market and began to decline. In the morning, the pressure at 3035 was still at a high level. Now it's a box oscillation, and only after gold breaks through the box will there be a big market for gold. However, gold is still at a high level now, and multiple surges have been followed by falls, so the rebound pressure is still high.
The market always erupts unconsciously, and that's what makes it full of charm. The market is constantly changing, and opportunities are fleeting. On the premise of doing a good job in protection and seizing opportunities, the market is the only criterion for testing strength. In this market, no one is a perennial winner. The important thing is not to be complacent. Friends who are familiar with us know that we never engage in dead long positions or dead short positions, but only take advantage of the situation and slide. If the trend arrives, follow it directly.
Morning trading strategy:
Gold 3032 short selling, stop loss 3042. Target 3005-3000;
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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