XAUUSD: Today the rally is mainly short
Updated
Gold broke through the important pressure level of 1964 last Tuesday, and did not go much further than 1987 pressure began to call back, from last Wednesday, I will give you every day to emphasize that the rebound is about to end, we have also begun to layout short orders, from the trend rhythm of gold last week, the market bulls have been greatly shaken, the weakening of bull confidence mainly from two aspects: First, in the past two days, the US index has continued to rebound, beyond the scope of expectations, and the market's expectation that the Federal Reserve will continue to raise interest rates is suppressing the rising confidence in gold; Second, the technical structure of gold itself does not support the kind of rising state in the first half of the week, and the current reversal is also a negation of the Daysun line on Tuesday. So next week, before the interest rate resolution, we are still mainly short, and after the interest rate resolution, we are making specific adjustments according to the data. Above 1968-1975-1987 are the points where we can lay out empty orders. Strategies for making orders today:
gold:sell@1968-1973 tp 1950
gold:buy@1948-1953 tp 1965
Trade active
1964Trade active
Short a short positionTrade active
1965Trade active
1960Trade active
1955Trade active
Good night
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