autumnbeauty

If gold is bullish and not chasing the rise, what should we do w

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar


The 30-minute moving average of gold has begun to turn, and the strength of the rise has begun to be insufficient. In the past two days, gold has no longer been unilaterally strong. It has begun to no longer hit new highs repeatedly. Instead, it has rebounded and risen twice and no longer hit new highs. The rebound highs of gold have successively lowered. , if the rebound does not break a new high, we will continue to be short. Now the CPI fluctuates greatly, and the U.S. market rebounds around 2362 and continues to be short. If the bullish data directly hits a new high, then we will readjust the direction and continue to be bearish before it breaks a new high.



This is the charm of the market. Some people are always wandering in chasing the rise and killing the fall, while some people can always grasp the turning point. The market is current, and trading is also current, adapting to changes. Gold began to rebound and no longer hit new highs, its strength weakened, and the short-term began to turn bearish. The direction was wrong, and efforts were in vain. If the direction was right, you would get twice the result with half the effort. Don't make excuses for failure, just find ways to succeed. How can you see a rainbow without going through ups and downs? No one can succeed casually, they can only work harder and harder. Are you willing to walk with me, no matter the wind or rain, I am willing to hold up an umbrella for you to protect you from the wind and rain.




Operation idea:



Gold is short at 2362, stop loss is 2368, target is 2335-2330;


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