Gold Spot / U.S. Dollar
Short
Updated

Stick to shorting gold!!!

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Dear traders, gold continues to rebound to around 2893. This rebound is really unexpected.

Fortunately, the intraday fluctuations are narrow. It was originally expected that gold would fall back after rebounding to around 2890. Unexpectedly, gold broke through the 2890 mark after a brief pause. However, the 2900-2910 area above can still pose short-term structural resistance to gold. Although I locked in a wave of profits in time, I suffered a slight loss in the process of shorting gold in batches. However, I am not worried about the short position. If gold cannot continue to break through the 2900-2910 area in one fell swoop, gold will also retest the 2865-2855 support area.


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The 1.2900-2910 area can still constitute short-term structural resistance to gold.

2. If gold cannot continue to break through the 2900-2910 area in one fell swoop, gold will also retest the 2865-2855 support area.

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