1970-1966 Direct short selling
On the daily chart, after gold's rise encountered resistance, it began to correct. Although gold prices are still operating in a high and volatile area above $1,950, the short-term multi-party trend is weak. We need to pay attention to the risk of trend reversal. In this regard, we must pay attention to market hot news and Changes in bull-short sentiment. At present, the 5-day and 10-day moving averages have begun to form a dead cross. The gold price has fallen below the 5-day and 10-day moving averages and is testing the middle track of the Bollinger Bands downwards. The MACD indicator has begun to form a dead cross above the zero axis. The KDJ and RSI indicators have formed a dead cross downward, indicating that the short-term The trend bears the upper hand.
In terms of operation, it is recommended to treat the market with a short-selling approach. The support below will focus on 1953 and 1948 US dollars, and the pressure above will focus on 1975 and 1980 US dollars.
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