Gavin-analyst

Gold: Strategy 2180 selling is very correct

Short
Gavin-analyst Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar

2186 was directly under pressure at the opening and continued to fall, piercing the sideways resistance of 2183. During the European trading period, it once pierced the 2170 support, and the low retraced to around 2162. Generally, after a sharp rise and then a sharp fall, the next step is It will enter a period of shock, with range fluctuations again. As long as it can rebound to the resistance point, seizing the opportunity to sell directly is a very good choice. Today's strategy is perfectly profitable.

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Comment:
The moving average has formed a dead cross downward trend, gold has risen and fallen, and the inverted V has reversed. Gold has also been suppressed by the downward trend line for half an hour. The current trend of gold is that if it rebounds, it will be quickly suppressed by short sellers and fall again.
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