Continue to be bearish, sell around 2650
Updated
Gold ended in shock and tested the 2633 line several times. The daily line ended the rise of the previous four trading days, and the small adjustment after the big drop ended. With yesterday's closing down, the short-term decline is still there, and the standard shock pattern of the four-hour line rebounded after reaching the support below. It is still in the rebound. The wide range of shocks will continue today. Sell high and buy low in operation.
Gold is not stimulated by news and data now, and the market is not sustainable. Since the decline of gold has not continued, it is shock. After the shock, gold will wait for this week's news data to choose the direction of breakthrough. Now it is shocking, so continue to short at the rebound high.
First support: 2633, second support: 2621, third support: 2605
First resistance: 2651, second resistance: 2666, third resistance: 2680
Gold is not stimulated by news and data now, and the market is not sustainable. Since the decline of gold has not continued, it is shock. After the shock, gold will wait for this week's news data to choose the direction of breakthrough. Now it is shocking, so continue to short at the rebound high.
First support: 2633, second support: 2621, third support: 2605
First resistance: 2651, second resistance: 2666, third resistance: 2680
Trade active
According to the reaction of resistance and support, we will sell around 2651 and buy according to the support of 2633/2621. Trade closed manually
Selling profit, close part of the profit, set BE Note
Huge profits Note
Gold has been fluctuating these two days. The second half of this week is a data week, and the fluctuations in the first two days of the gold week are reasonable. Since gold continues to fluctuate, the unilateral sustainability is not strong. Wait for the direction to come out and then follow the trend.
The volatile market, now is waiting for the news in the second half of the week to find the direction. Gold rebounded yesterday but was still under pressure at 2652. Gold rose and fell. So gold is under pressure at 2652 today. It is still selling at highs. Gold can enter the market near 2650 in the US market.
Note
Gold breaks through 2652 strongly, no more selling, if you sold at 2650, it is now 2650 closed near the entry point
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