Gold fluctuates and rebounds, pay attention to short-selling opp

Gold fails to break new lows after volatile yesterday

Continued shock overnight

Rebounded in early trading and broke through yesterday's high

Judging from the current market trend

After a round of decline

Gold enters a rebound and shock correction pattern

The medium-term trend is still mainly bearish

Short-term retracement after the U.S. dollar continues to rise

But the decisive thing is whether the dollar will retreat in the short term or will form a continuous decline

If the U.S. dollar cannot continue to fall in the short term

Then gold will still fall again after rebounding and correcting, and the trend will be bearish.

Therefore, gold remains focused on rebound short selling opportunities during the day.

The upper pressure position 1930-1935 area

In the day, it is expected that the rebound will be dominated by shocks and rebounds in the white market

Pay attention to the short signal appearing in the small cycle after the counter-draw is in place before participating.

Operation is divided into two steps


1. If you retreat to around 1922 first, you will see a rebound to around 1930


Second, if you touch the 1933-1935 area, go short, defend 1940, and target the 1920-1915 area. If it falls below the new low, hold and look at the 1905 area.


Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy