Gold morning current price 3358 is directly short!
Gold rose and fell back in the morning session, and now it is starting to fluctuate. As for whether there is a reversal in gold, it does not seem to have happened yet, it is just a fluctuation. If gold rebounds to a high level, then it will continue to be short. The current price of gold in the morning session is 3358, which is directly short!
The 1-hour moving average of gold is still in the form of a dead cross bearish pattern, and after rising, it falls back again. Therefore, gold is now beginning to oscillate. Although gold has broken through yesterday's high point of 3367, after breaking through, it did not rise directly to stabilize but rose and fell back. Therefore, gold bulls may only have broken through yesterday's high point of 3367. For the time being, gold is still oscillating in a large range, and now the high point is still bearish. The morning price of gold at 3358 is directly bearish.
If gold breaks through the 3370 line again, then gold is truly strong. Even so, it is still a volatile rise, and we must patiently wait for the opportunity to continue to fall.
The market is constantly changing, and the recent gold market has been like this, with ups and downs, so it's not surprising. Therefore, if there's a surge, don't just think that gold has reversed.
Morning trading strategy:
Gold 3358 short, stop loss 3370. Target 3310-3300;
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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