Gold, rebound and continue short selling!
The 1-hour moving average of gold has formed a dead cross and diverged downwards, breaking the range oscillation. If gold breaks the level downwards, then the rebound is an opportunity to continue to give up. The resistance of the gold moving average is currently around 2906, and of course, there is also resistance at the 2900 integer level. Therefore, the rebound of gold between 2900-2906 is an opportunity to hit a high point, and the resistance at the 2900 integer level can be bearish for the early rebound of gold.
The market always erupts unconsciously, and that's what makes it full of charm. The market is constantly changing, and opportunities are fleeting. On the premise of good protection, seizing opportunities is the key to success. The market is the only criterion for testing strength. Do not make excuses for failure, only find methods for success. Have you found it?
Morning trading strategy:
Sell gold 2900 short, stop loss 2910. Target 2875-2870;
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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