XAUUSD:Go long first, then go short

It's time to reorganize the market. After a sharp rise and fall, gold still chose to continue its decline. This is because gold prices rose sharply on Monday driven by risk aversion, while gold prices fell due to the withdrawal of risk aversion, forming another wave of trends. Create a record high in market history.

Judging from the minutes of the Federal Reserve meeting, the overall core is actually to continue to raise interest rates to control inflation. This is somewhat detrimental to entering the interest rate cutting phase this year and will also delay the length of the interest rate cutting cycle.

The market is currently in decline. Although the decline is serious, it will not last too long, and there is no heavy volume at the technical level, indicating that the power of this decline has begun to shrink.

In such an extreme decline, the probability of V rising straight up is very high. If you chase short now, you will easily be swept away by the market.

Now you can consider entering long positions directly at 2360-2365. The upper reference pressure level is around 2395. If the market high point near 2395 is recovered, short selling will be considered.

Trade active

Trade active:

Added a bit of long position

Trade active:

Continue to add a little more positions

Trade closed: stop reached:

Let me just say, gold is crazy!