Gold continues to be short in the short term

Yuliya10 Updated   
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar

Some things we think will continue tomorrow; some people we think we will meet again after separation. We believe that yesterday, today and tomorrow should be no different. However, just once, when we inadvertently let go or turn around, some people and some things will stay with us forever! Therefore, grasping the moment is the most real thing!

In terms of gold, the U.S. market bottomed out again yesterday, and the hourly line basically closed at the negative line of around $30. The daily line also hit its highest level near 92 in the morning, with an increase of nearly $70. It can be seen how shocking the recent fluctuations in gold have been. As the gold base becomes larger, we also need to adapt to the fluctuations of gold in a timely manner. Then we can reduce the position appropriately and increase the stop loss to deal with it. Yesterday's sharp rise is a strong signal for bulls, and is this bull's rise a continuation of the previous strength? Or did the short sellers start a new round of correction in the later period after this wash? As far as the current technical indicators are concerned, it is still a bullish signal. At present, after the gold correction in early trading, the European market has begun to fall back to around 68, while the 5-day and 10-day lines below have basically maintained around 60 and 40, because the European market has begun to pull back strongly, and it is still after the pullback before the US market. Need to go short. If there is a counter-draw before the US market, go short around 79-80, with a target around 50-30. A loss of 88.5.

Gold is short around 79-80, with a target around 50-30, and a loss of 88.5.
Trade active:
The downtrend has started, just wait for profits
Trade active:
Judging from the current trend, the downward trend of gold has been established, it is only a matter of time.
Trade active:
The data fluctuations are not too active, so we continue to hold short orders and wait.

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