Bears are strong, follow the trend
Gold fell sharply on Thursday, and the current price fell below the previous low. The key is whether it can continue today. Today is the first day of the monthly line change, and the amplitude space is large. The probability of covering this month is very high. The four-hour rebounded at the lower track support, breaking the bottom as a whole. It is currently in a weak rebound, and the overall situation is short!
Gold fell sharply in the NY market yesterday, and the daily high fell and covered. Gold still has downward momentum after the rebound. Gold in the Asian session continues to be short, and plans to be around 2758! The rebound is to give a better opportunity to short. Today's non-agricultural data, gold shorts will continue to exert their strength, and we will remain cautious in trading.
The 1-hour moving average of gold has begun to turn downward. If the 1-hour moving average of gold forms a dead cross downward, then the downward space of gold will continue to open up.
Trading strategy:
2727~2758 range sell high and buy low. But exit the market before the release of NFP data, and wait for the market to stabilize before trading
Gold fell sharply in the NY market yesterday, and the daily high fell and covered. Gold still has downward momentum after the rebound. Gold in the Asian session continues to be short, and plans to be around 2758! The rebound is to give a better opportunity to short. Today's non-agricultural data, gold shorts will continue to exert their strength, and we will remain cautious in trading.
The 1-hour moving average of gold has begun to turn downward. If the 1-hour moving average of gold forms a dead cross downward, then the downward space of gold will continue to open up.
Trading strategy:
2727~2758 range sell high and buy low. But exit the market before the release of NFP data, and wait for the market to stabilize before trading
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