Gold has risen again when the support is effective. Trading after a sharp rise like this is very simple. You can't go wrong by going short, because after a sharp rise, the indicators need to be repaired.
So if you want to trade, just go short and just pay attention to the support levels.
At present, the support is first around 2374, then around 2366, and then the 2362-2354 range.
The current gold situation has gone against the entire economic environment. It is possible that the main funds are taking the opportunity to boost shipments. Therefore, friends who are chasing bulls at high levels must pay more attention, do not be too greedy, and do a good job in risk management.
Because once they complete their goal, it is very difficult to return to this position again. Instead, a violent unilateral trend will occur when it falls.
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Entering the short range
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Our short order made money
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Short again after rebound
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Continue short selling in batches
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Despite the news, it eventually returned to our target range, and hopefully everyone made it through and finally made money
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Funds are shipped, and gold begins a plummeting mode