Gold loses key defense, short gold on rebound!

Gold continues to fall sharply today. In recent days, we have basically maintained a short trading rhythm, so the profits we have made recently are still very good. Today we shorted gold near the 2368 position and successfully hit TP: 2357; just now we went long gold near the 2342 position and successfully hit TP: 2350 during the rebound of gold. Today, both the long and short sides have achieved good results! After our 19-game winning streak was interrupted overnight, we achieved another 2-game winning streak!

At present, the short energy of gold is strong, and the short trend is very obvious. And today, gold fell below the key support areas of 2350 and 2342 during its decline. Then the space below gold has been completely opened in the short term, so gold is likely to fall further. The performance of gold during the rebound can be used as auxiliary verification. Gold did not rebound strongly after the sharp decline. The bulls had no ability to resist and even lost the key support defense of 2350 and 2342. Coupled with the cashing out of early bull profits and the rising market following sentiment, gold will continue to be in a weak position in a short period of time, and gold may continue to fall to the 2320-2315 area, or even the 2285-2280 area.

So in the next trading, don't see that gold has fallen so much and just go long gold based on your feeling; we should follow the trend and look for opportunities to short gold. As the resistance area continues to move downwards, we will first focus on the 2350-2355 resistance area, followed by the 2360-2365 resistance area.

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:

Wait patiently for gold to rebound before going short gold. Don’t easily go long gold until gold stops falling and stabilizes.

Trade active:

Wait patiently for gold to rebound. Maybe we can lower our rebound expectations appropriately and then short gold.

Trade active:

At present, the short energy of gold is strong, and the short trend is very obvious. And today, gold fell below the key support areas of 2350 and 2342 during its decline. Then the space below gold has been completely opened in the short term, so gold is likely to fall further. Gold will continue to be in a weak position in a short period of time, and gold may continue to fall to the 2320-2315 area, or even the 2285-2280 area. In the following transactions, do not easily go long gold before the market stops falling and stabilizes; we should follow the trend and look for opportunities to short gold. As the resistance area continues to move downwards, we will first focus on the 2350-2355 resistance area, followed by the 2360-2365 resistance area.

Trade active:

Whether gold can stabilize at 2330 needs to be confirmed by the next candle chart

Trade active:

There is no obvious bottoming signal yet, and it is not appropriate to go long on gold for the time being.

Trade active:

Gold is already trying to fall below 2330. I have reminded you many times that there is no signal that gold has bottomed out yet. Don’t go long gold easily. Are you long gold?