Gold 2645 continues to be short
Updated
https://www.tradingview.com/x/Dz274sWN/
During the Asian session on Friday, December 6, gold fell from 2635 to 2613, and then suddenly soared in the short term. The price of gold has risen sharply from the intraday low of around 2613 US dollars per ounce, and the current price of gold is around 2643 US dollars per ounce. There are reports that South Korea may have a second martial law, which has rapidly heated up the market's risk aversion and stimulated a sharp rise in gold prices.
Analysis and interpretation of gold trends!
Gold rose first and then fell yesterday, and the final rebound stopped at 2655. The trend is in line with our bearish expectations. As for the market falling and breaking, it is a normal market! Yesterday morning, due to the negative news of data, gold fell under pressure, and continued to fall in the early trading today. As the support position of 2606 is close below, it is no longer appropriate to chase the short position!
In terms of trend, gold lacks upward momentum at the 4-hour level, and the market fell after testing the 2660 position three times in a row. This week, the market has been maintained in a small range of 2630 and 2650. It is inevitable that the breakout will accelerate. At present, the bulls are under serious pressure. Unlike the previous continuous rise, this week has been weak and volatile. So we can continue to maintain the high-altitude thinking unchanged!
Gold point: European session 2643-45 directly short, defense 55, target to 2613-06!
During the Asian session on Friday, December 6, gold fell from 2635 to 2613, and then suddenly soared in the short term. The price of gold has risen sharply from the intraday low of around 2613 US dollars per ounce, and the current price of gold is around 2643 US dollars per ounce. There are reports that South Korea may have a second martial law, which has rapidly heated up the market's risk aversion and stimulated a sharp rise in gold prices.
Analysis and interpretation of gold trends!
Gold rose first and then fell yesterday, and the final rebound stopped at 2655. The trend is in line with our bearish expectations. As for the market falling and breaking, it is a normal market! Yesterday morning, due to the negative news of data, gold fell under pressure, and continued to fall in the early trading today. As the support position of 2606 is close below, it is no longer appropriate to chase the short position!
In terms of trend, gold lacks upward momentum at the 4-hour level, and the market fell after testing the 2660 position three times in a row. This week, the market has been maintained in a small range of 2630 and 2650. It is inevitable that the breakout will accelerate. At present, the bulls are under serious pressure. Unlike the previous continuous rise, this week has been weak and volatile. So we can continue to maintain the high-altitude thinking unchanged!
Gold point: European session 2643-45 directly short, defense 55, target to 2613-06!
Trade active
Gold started to fall at the 2645 position we gave, which perfectly matched our targetTrade closed: target reached
Congratulations on your profit and have a nice weekend
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