Gold is currently priced at 2797 and can be sold short directly!

2025-02-03 1115

Gold has once again bottomed out and rebounded. Will gold continue to rise sharply again? It's not certain yet. Gold has risen from its high and fallen back. The pressure from above is still relatively strong. If gold is under pressure of 2800, continue to sell short. If gold is currently priced at 2797, sell short directly!

Gold is currently in a head and shoulder shape after 30 minutes, with a pressure of 2800 and falling back. Gold bulls have not further risen, indicating that they are still under pressure above 2800. When gold hits a high point below 2800 in the afternoon, it can be sold short near the current price of 2797.

The market is constantly changing, and gold is not about to rise again as soon as it rises. Long positions in gold are always tempting bullish trends, and gold continues to sell short.

Operation strategy for the US market:
Gold 2797 short, stop loss 2807, target 2775-2765;
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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