Gold 2991 Short Selling at Current Price
2991 directly empty
On Friday, gold hit a new historical high again, reaching around 3005 at one point and perfectly reaching 3000 points. Obviously, the bullish target has been basically achieved, and the candlestick is bound to fall. Moreover, Trump's military strike on the Middle East over the weekend did not lead to an increase in gold prices, indicating that bulls are also weak
There is a clear bearish engulfment at the top of the gold four hour line, where the large bearish entity directly covers the bullish entity, forming a top signal. At the same time, the candlestick is also significantly deviating from the moving average. This is an abnormal trend, and a pullback is inevitable, with a return to the moving average also certain. The bearish trend is 2991, which is directly bearish
Investment strategy: Sell gold 2991 short, stop loss 3001. Target 2950
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