After reaching around 2370, gold rebounded again and is currently hovering around 2390. Gold seems strong, but it is always difficult to reach the key suppression area and cannot form an effective breakthrough, so I think that gold is still dominated by shorts as a whole.
https://www.tradingview.com/x/UFZUGq7I/ Gold is currently facing two key suppression levels, one is the 2400-2405 area, and the other is the 2410-2415 area. If gold cannot overcome these two resistance areas, then the gold shorts will counterattack at any time, so before regaining the 2410-2415 area, there is no doubt that in terms of trading, I always insist on a short-selling trading strategy. The short-term support below is around 2376, followed by around 2368. If gold falls below the support in this area, gold will also test the 2350 area, or even 2330.
So in terms of short-term trading, I still insist on shorting gold!I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
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Every rebound in gold is a better opportunity to short gold
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Gold finally fell as expected
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Gold has just fallen back to around 2383. We have closed all short positions and will continue to short gold after it rebounds.
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