Gold, sell short directly at the current morning price of 2881!
Gold is still in a bearish trend, and a rebound is normal. A rebound is an opportunity to go short. Recently, we have been adhering to the idea of a bearish rebound in gold. Although there have been some setbacks in the process, gold has continued to break its recent lows, and its rebound is still bearish. The current price of gold in the morning session is 2881, which is directly short.
The one hour moving average of gold is still diverging from the bearish line with a dead cross downward. The bearish trend of gold has not yet ended, and it has rebounded to around 2887, continuing to fall under pressure. The rebound of gold below 2887 continues to hit a high point, and gold has been continuously hitting low points recently. Moreover, the rebound strength of gold is insufficient, and there has not been a strong rebound. Gold continues to be the home ground of bears.
The market is changing rapidly. Since gold bulls are not awesome now, we will continue to carry out gold shorts to the end. Gold bears will continue to make efforts, we will wait and see.
Morning trading strategy:
Gold 2881 short, stop loss 2891. Target 2860-2850;
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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