2390 is coming, continue shorting after the rebound

Gold fell back to around 2405 as expected. Our short gold position today near 2418 ended up hitting TP again. It was a very good trading experience. In fact, as long as you follow me, you will easily find that I have recently reminded you to focus on shorting gold.In particular, the previous article reminded: short gold, and aiming at 2395-2390.

Judging from the recent trend of gold, the highs of gold's rebound are gradually lowering, while the lows are also constantly lowering, and it is already trying to fall below the wedge structure, so the short sellers are currently dominant. Although the short-term structure of gold is supported by the 2405-2400 area, since gold is already trying to touch this area, I think it is only a matter of time before gold falls below this area, and then gold is really going to fall towards the 2395-2390 area.

Gold is currently trying to fall below the wedge structure. Once it is confirmed to be effective, the space below gold will be completely opened, and gold is likely to continue its downward trend. Therefore, if the market does not stabilize, do not go long gold easily. We will mainly focus on short gold at high levels. As gold falls, the resistance area moves downwards, and we first focus on the 2415-2420 area resistance. The following focuses on the gains and losses at the 2400 position.

Trade active:

According to the current situation, the rebound of gold is weak and the upper pressure is obvious. I will once again look for suitable opportunities to short gold.

Trade active:

Don’t chase short gold for the time being below 2410. Wait patiently for gold to rebound, and then there will be better short selling opportunities.

Trade active:

First, focus on the short-term resistance area of 2415-2420. When gold touches this area and its momentum weakens, you can consider shorting gold in small batches.

Trade active:

Gold fell more than expected, not only 2390 has come, but 2380 has also come