Gold fluctuated in the box today, and the volatility was significantly lower than last week and the beginning of this week.
At present, it is the digestion stage after the sharp drop. If it can rise and break through the box, there is a high probability that it can touch the resistance near 1957-1961.
However, judging from the current situation, the possibility of a breakthrough is unlikely, but the probability of falling below the 1933 support level of the box is relatively high.
Therefore, in terms of trading strategy, I think shorting gold has a higher probability of profit. If you have sufficient funds, you can set the targets at 1928, 1923, and 1915 respectively.
