Gold continues to rise after the Federal Reserve's interest rate decision, with 3055 being short in early trading!
After the Federal Reserve's interest rate decision, gold continued to rise. However, gold has now reached a point where it needs to pay more attention as it continues to rise, especially near 3060. The high point is too cold, and the final stimulus often brings the final madness, followed by a pile of chicken feathers. At this time, it is necessary to be cautious in chasing long positions, and even if you go long, you must patiently wait for the opportunity after adjustment.
Gold has risen again with the support of data, but do not easily chase after high levels. This is the principle. In the morning, we will continue to try to open high first. Gold started to stagnate around 3056, so there may be a correction. As for whether to go long later, it depends on the magnitude and speed of the adjustment. Generally, it is easy to fall back after rising in the morning. Of course, if there is no rapid decline in the European market, it indicates that gold has started to accumulate momentum for small fluctuations again. It is not realistic to expect a large adjustment. Therefore, gold needs to find opportunities to go long again, focusing on the support of the first line near 3025.
The market is constantly changing, and high places are cold. Don't easily chase after high places. Whether gold will experience a high-level reversal, we will take it step by step. If gold falls below 3025, then the opportunity is great.
Morning trading strategy:
Gold 3055 short, stop loss 3065. Target 3030-3020;
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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