Continue to go short today, with detailed market analysis
The gold trend indicator MA5 and MA10 tend to be in a state of adhesion. Although it closed below the moving average, from the overall shape, because there is no sustained decline, it is still a high-level sideways correction. Continue to pay attention to the break direction of the 2720/2750 range adjustment.
Gold continues to be weak. Gold rebounded in the past few days and was short. It also won repeatedly. Gold bulls have no rebound power. The rebound in the Asian session continues to be short. Gold is weak, and the short-term short trend will continue. Go with the trend, and the rebound is an opportunity to go short.
The gold 1-hour moving average continues to cross downward and diverge. The gold moving average resistance now moves down to around 2745. After the rebound, gold continues to fall weakly. Bulls basically have no counterattack power. Gold rebounds near the moving average resistance of 2745 in the Asian session and continues to go short.
First support: 2730, second support: 2718, third support: 2700
First resistance: 2748, second resistance: 2763, third resistance: 2775
Trading strategy:
2720-2750 range, sell high and buy low according to resistance and support
Gold continues to be weak. Gold rebounded in the past few days and was short. It also won repeatedly. Gold bulls have no rebound power. The rebound in the Asian session continues to be short. Gold is weak, and the short-term short trend will continue. Go with the trend, and the rebound is an opportunity to go short.
The gold 1-hour moving average continues to cross downward and diverge. The gold moving average resistance now moves down to around 2745. After the rebound, gold continues to fall weakly. Bulls basically have no counterattack power. Gold rebounds near the moving average resistance of 2745 in the Asian session and continues to go short.
First support: 2730, second support: 2718, third support: 2700
First resistance: 2748, second resistance: 2763, third resistance: 2775
Trading strategy:
2720-2750 range, sell high and buy low according to resistance and support
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Gold rebounded after hitting the bottom again during the day, but the rebound strength was limited, and it still fell after rising. Gold shorts will continue;
Gold is directly short below 2750!
Since gold can't go up, it won't reverse. There is no particularly bullish news to support gold. The NY market will fall further, and the rebound will continue to be short.
The 1-hour moving average of gold continues to cross downward and run in a short position. After gold hit 2750, it fell under pressure and did not stand above the moving average. The 1-hour moving average did not turn upward. For the time being, it is still necessary to maintain a bearish mindset.
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The SELL:2750 signal that I just shared for free has also made a profit. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.