Gold_Digger_King

Gold trend analysis or bearish

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Friends, under the influence of the negative CPI data, gold fell sharply as I expected, and once fell below the 2160 position. According to the current trend pattern, the gold pattern is developing in the short direction, while the bull pattern is no longer strong. Therefore, in this kind of market, we must pay special attention to the trading rhythm. Relatively speaking, I prefer to wait for gold to rebound to the 2170-2175 area before continuing to short gold.


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