Investors-Lord

Gold continues to be short, the rebound is just a flash in the p

Short
Investors-Lord Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar


After the opening of gold, the trend of gold fluctuated, and there was no big change. However, the trend continued to be short. Following the trend, gold continued to be short, and the current price of gold was 1940. It was directly short!

The 1-hour moving average of gold continues to cross downwards and the short position is arranged. Gold has a 1-hour short trend. The downward trend line has been suppressing the rise of gold. After gold fell below a new low in the US market last Friday, the short trend of gold continued. Gold continued to be short in the US market on Friday at 1943. Gold If gold falls, 1945 is the resistance now. When gold rebounds, the resistance of 1945 is an opportunity to go short on highs. The current price of gold in the afternoon is 1940. You can go short first.

If you go in the wrong direction, your efforts will be in vain. If you go in the right direction, you will get twice the result with half the effort; once the trend changes, Wang Yang will always make a U-turn in time and follow the trend; to know that the market is always right, it depends on how we grasp it. Don't make a desperate move against the trend, otherwise the market will eventually teach you a lesson. Now that gold continues to fall below new lows, gold shorts are unstoppable, so stay short until the end. The rebound will only be temporary, which is a good opportunity to short.
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