Boldly short gold in the 2345-2350 area

Gold rebounded to above 2340 in the short term, which looks very strong. However, from the perspective of the entire rebound process, although gold has continued to consolidate the bottom during the rising shock, it has provided solid support for gold's rise. However, judging from the overall rebound strength, gold is currently not enough to form a reversal trend. It should only be seen as a repair to this round of decline. So overall, gold's rebound is not strong, so there are still good short-selling opportunities in trading.

The current short-term resistance of gold is the 2350 area. Technical pressure is all concentrated in the 2350-2355 area, and this area is exactly 50% of the downward trend from 2417 to 2291, so the 2350 area is a relatively strong resistance area. . Therefore, in trading, we can first boldly short gold in the area near 2345, and then add short gold in the area near 2350. Then just wait for gold to fall and profit!

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Boldly short gold in the 2345-2350 area. The current short-term resistance of gold is the 2350 area, and the technical pressure is all concentrated in the 2350-2355 area, which is exactly 50% of the downward trend from 2417 to 2291.

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Gold hit a maximum of 2350 and then fell back, once again confirming the regional resistance of 2350. We must hold the short orders in our hands, it will be a huge fortune for us

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As long as gold does not break through the 2355 area, gold will definitely fall in the short term.

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Although gold has not effectively fallen, it still cannot break through the 2350-2355 resistance area. When gold consumes a certain amount of bull energy, it will pull back again.

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Gold has once again formed a secondary high in the short-term structure, and there are signs of building a double-top structure, which not only limits the rise of gold, but also is conducive to the correction of gold.

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Gold is currently stuck in a narrow range, let us wait patiently for gold to fall

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Gold forms a long upper shadow in the short term and refuses to rise

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PCE data will be coming in half an hour, please fasten your seat belts!

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PCE data announced a value of 2.8%, slightly higher than market expectations, which is negative for gold, but the overall impact is not significant. However, it intensified the short-term fluctuations of gold. Gold once again touched near the 2350 position, but failed to stand above the 2350-2355 area. There is still some room for a correction in gold.

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Gold has once again stepped back to near the 2342 position, and our short position has made a good profit. But obviously not satisfied with this, we continue to hold short positions

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Gold fell back below 2340 again, and our profits were once again huge

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Gold has been fluctuating for a day and has finally come down. At present, gold has hit TP: 2337. Successfully profited and exited.

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The hanging heart finally fell to the ground. Gold has hit the 2350 position many times and is only one step away from 2355. It would be a lie to say that I am not worried. But after seeing gold fall below 2340, I knew our short position would definitely make money, and I held on until gold hit TP,Of course, the market has lived up to my expectations. Gold has currently hit its lowest level below 2332, which perfectly hit our TP. Today is another day of great gains!

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Don’t think about going long gold just because you see gold falling. According to the current trend pattern, gold still has room to fall. Therefore, it is not recommended to go long gold for the time being.