The decline is just the beginning, continue to short gold!
Gold today maintained a volatile trend overall, and began to rebound with 2325 as support. It is currently trading near 2340. So after the sharp decline, has gold stabilized and rebounded?
Actually, I don’t think so. I said yesterday that since gold has not rebounded in retaliation after falling by $100, gold will only absorb the plunge in a volatile manner. Gold is currently performing very weakly during the rebound and cannot even break through the 2345 position. In addition, 2350 is the position where the decline accelerated after falling below the level yesterday. If gold cannot recover for a long time, there is still room for gold to continue to fall.
The current rebound of gold is not particularly strong. Gold may build a relay platform near the 2340 position, so I think the gold downward trend is far from over. After the end of the shock, gold will continue to fall, targeting 2300 or even the 2280 position area.
Gold is currently facing short-term resistance in the 2345-2350 area. In the next transactions, I will still focus on shorting gold, and then watch a new round of downward trend break out.
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Actually, I don’t think so. I said yesterday that since gold has not rebounded in retaliation after falling by $100, gold will only absorb the plunge in a volatile manner. Gold is currently performing very weakly during the rebound and cannot even break through the 2345 position. In addition, 2350 is the position where the decline accelerated after falling below the level yesterday. If gold cannot recover for a long time, there is still room for gold to continue to fall.
The current rebound of gold is not particularly strong. Gold may build a relay platform near the 2340 position, so I think the gold downward trend is far from over. After the end of the shock, gold will continue to fall, targeting 2300 or even the 2280 position area.
Gold is currently facing short-term resistance in the 2345-2350 area. In the next transactions, I will still focus on shorting gold, and then watch a new round of downward trend break out.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Trade active:
The decline is just the beginning, continue to short gold! The current rebound of gold is not particularly strong. Gold may build a relay platform near the 2340 position, so I think the gold downward trend is far from over. After the end of the shock, gold will continue to fall, targeting 2300 or even the 2280 position area.
Trade active:
I think gold will continue to fall after the shock
Trade active:
Gold will continue to fall and meet again at 2300
Trade active:
Gold has reached a high of 2347 in the short term. As long as it does not break through 2350, gold will continue to fall after completing the bull-inducing action.
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