Gold near 1930 can be shorted
Updated
Today, after a brief adjustment in the European market, the price of gold reached the lowest around 1910, but the bottom line did not fall below the key support level of 1912. The U.S. market rebounded strongly with the help of the 1912 support level. Today's long orders placed around 1911 and 1917 have already taken profits
At present, the highest level has reached around 1931. This action also reminds us of the question of whether the bulls can continue in the near future. Last Friday’s bottoming rebound, the market has once again fallen into a stalemate. First, the bulls took the lead in breaking the previous short position. Weakness also makes this pattern no longer weak, but for now, the general trend of short positions still exists, and the short-term counter-pumping is also likely to be just a self-correction and washing of the shorts, and the key suppression at the top Continue to maintain in the 35-40 area, but the probability of touching this area again should not be high. It is very likely that it is just a trap set by the short sellers, and the support below is maintained at the 10-line. Although it has been touched within the day, but It has not completely broken down. Once this position continues to fall, gold is likely to continue to be bearish in the later stage. The first target below is maintained at a position near 1880. In the evening, we will directly short gold first. At present, we are shorting around 1930. The target is around 1910, the stop loss is 1940
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