Short

Gold’s short trend remains unchanged

Updated

Gold's 4-hour moving average continues to cross downwards and the short position is arranged. Gold's recent rebound has all surged higher and then fell back. The bulls have not yet made any efforts to counterattack, and gold continues to be controlled by the bears.

Gold has risen rapidly and then fallen back quickly, indicating that the bulls are not very determined and may rise and fall back at any time.

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Gold can be shorted near 2305

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Trade active

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Take profit and stop loss can be 10 points each

Trade active

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Gold falls short term

Trade active

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Gold short orders are making profit

Trade active

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Gold short orders continue to expand profits

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Gold rose rapidly after the release of US news data, but then fell rapidly.

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Pay attention to the resistance area of 2292-2297

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The 4-hour moving average of gold continues to cross downwards. Gold failed to break through the resistance of the moving average and directly shot higher and fell back. The gold non-agricultural news failed to reverse the decline of gold bulls.

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If you want to trade, it is still mainly short selling after continuing to rebound. The first thing to focus on is resistance near 2300.

Note

Take profit and stop loss are 10 points each

Note

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