XAUUSD:Continue to short

Gold, the short sellers retraced again yesterday, reaching as low as 52, which is close to Tuesday's retracement low near 50. At the same time, the daily line also closed at the intersection of yin and yang, so yesterday's retracement is also likely to release two There are two signals. One is the second bottom correction of the bulls, but the retracement correction of the negative line is also likely to be one of the keys to the bulls' later brewing trend. The current lower support of gold remains at the 50 line. If the bulls are established, , then this position is likely to be an important watershed position for the bulls in the later period, that is, the bulls in the short term have completed the correction, and the second is that the shorts are eager to try. With the sharp rise of the bulls in the near future, the increase has also reached about 210 US dollars, then The substantial depletion of this energy still requires a later retracement correction or a sideways correction to recharge, and the magnitude of the bulls' retracement correction to the current position is not conducive to a later upward breakthrough. In the short term, the short position is likely to form a retracement and decline situation. The first target below will also remain at the 2140 I mentioned, and the second target will also be close to the integer level of 2100, so we are also more biased towards the short position. As for the retracement idea, before the long move in the short term, we should first operate around the short idea.

As shown in the figure, gold first reversed and went short around 65-70 during the day. In the short term, we can look at 52-50 first, then 2140.

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Trade active:

Repeatedly sell high and buy low in this range

Trade active

Trade active:

Repeatedly sell high and buy low in this range

Trade active:

Just do long and short repeatedly in this way, and you can make money easily.