Gold rally remains bearish unchanged

The price of gold tonight is also in line with the expected trend. Affected by the initial jobless claims and PPI data in the US market, the data is a small profit. At the same time, the gold price has risen in the short term in the early US market, but combined with technical Based on the overall analysis, due to the heavy selling pressure near the upper trend line, the short-term still cannot hold on to the high point of the previous wave of 2347. At the same time, when the US market starts to rise, we also execute the short selling plan at the 2342 line, and the short orders are also entered. With the cooperation of the market, the short-term rapid dip reached 2334 and the profit was taken at US$8 to exit! Gold is still showing a volatile downward trend recently, and it rebounded again in the evening and continues to be short!



specific strategies



Gold is short at 2348, stop loss is 2356, target is 2330