Under the pressure of the 60 day moving average of spot gold, 2917 went short directly
Short selling at high prices is my strategy, winning consecutive victories is my goal, and I can't stop at all. Today, relying on the 4-hour cycle 60 moving average pressure, 2917 went short directly.
Yesterday we went short continuously and made big profits. The rebound was strong last night, but we didn't have a good grasp of the price point. However, the bearish trend in the market has not changed. The gold price is suppressed by the 4-hour cycle 60 moving average and has been running below the moving average, which is a definite bearish signal.
Structurally speaking, the high and low points of gold prices have already occurred, which means that gold has shifted from an upward trend to a downward trend. Looking at the wave of volatility below the 60 moving average again, it is a sideways adjustment structure in the downward trend, breaking below the support line of 2890, and will drop $50 again this week. Are you ready to enter the empty market with such profit margins? The profit margin is large, but the stop loss is small. It's exciting to think about it.
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