The current resistance of gold is around 2665, and many people think that breaking out of this resistance with a bullish candlestick is just doing too much. Firstly, all of these behaviors are market actions, not your wishful thinking. The fundamental reason for the market's rise is not resistance or support, and the overall buying volume exceeds the selling volume, so it leads to a rise. Remember this fundamental point, you naturally know that even if the candlestick breaks through the first line of 2665, it may not necessarily rise. Of course, there are also many fake breakthroughs that are inevitable, and inducing a rise is also inevitable.

Overnight gold once again reached around 2665, but then the bearish candlestick line directly fell. I believe countless people have been at this position for too long, but Wolf Brother thinks that the candlestick line will fall. Of course, it is not something that Zhuge Liang said afterwards. Yesterday, we did experience a public backhand short selling of 2660. The partner of this experience can testify that this example is to tell traders that gold breaking through the resistance level does not necessarily continue to rise, and a deep decline is also a market behavior, so trading is not what you think.

Do you think it's market behavior? Rational analysis of market behavior is the way to go. Yesterday, we sold short near 2660, which was also a bearish experience. The first reason is that the hourly bullish line rose, seriously deviating from the moving average track, which is unscientific and contrary to objective laws. The second reason is that the daily candlestick chart is still in a bearish form, at least the resistance level above is still strong. Of course, the candlestick chart shows obvious weakness and is always under the pressure of the moving average, rubbing against the floor

Investment strategy: Short selling gold at 2670, stop loss at 2681, target at 2630

Disclaimer: Investment carries risks, caution is required when entering the market