Gold bloodbath bulls, where is the bottom of the market!
Gold experienced a sharp drop at the beginning of the morning trading session, which was fundamentally due to the United States imposing tariffs on multiple countries and their countermeasures, triggering panic in the global financial market. The US stock market fell sharply, and the US dollar index fluctuated. This macroeconomic uncertainty increased the demand for safe haven gold, but the liquidity problems caused by market panic may lead investors to sell gold for cash, which is why the price of gold is suppressed. The overall market sentiment is complex, and the long short game is fierce. From the perspective of the market, gold is gradually turning short!
In the current situation, we should not expect gold to rise significantly in the short term and form a rebound during trading. The gold content that follows the trend is still rising, and we are waiting for a rebound in the morning to be bearish! The upper pressure level is focused on last week's closing price of 3036, and the further pressure level is the top bottom transition level of 3054! You can ambush and short near 3036 in the morning! Keep looking down at the downtrend, don't blindly guess the bottom!
Specific strategies
Gold 3036 short selling, stop loss 3046. Target 3000
Disclaimer: The above suggestions are for reference only. Investment carries risks, and caution should be exercised when operating
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