Gold's decline remains unchanged, we continue to be bearish on s

The downward trend of gold has not changed. It is just a shock rebound during the day and does not represent a reversal of the trend. In the evening, the gold price reached around 2050 for the first time and was suppressed by trend line pressure and moving average pressure. The bulls no longer have the energy to continue the upward attack! Before the arrival of the non-agricultural market tonight, the short position on gold remains unchanged, and the 2048 short order has entered the market!





From a technical point of view, under the current four-day negative trend at the daily level, it is difficult for gold prices to turn back and form a substantial rise, and the daily low support is near the 2000 mark. There is still a lot of room for decline at this stage. In addition, the rebound in gold prices during the day is not strong, and it is expected to hit a new low again today! Judging from the one-hour trend, the day started to fall back after touching the key pressure level of 2050 in the early trading. The short-term short position completely complies with the direction of the daily level trend. At this stage, you can enter the market with a short order and hold it with confidence!





Trading strategy: short gold 2048, stop loss 2056, target 2034



If you agree with my idea, please tell me

Trade active:

Hey, are you ready?

Trade active:

Have you seen the data that gold is falling? You have already made a profit

Trade active:

We are about to reach our take profit position.

Trade active:

Do you have any suggestions for my analysis?