XAUUSD: Wait for the rebound and continue to sell at high levels
Updated
There is a lot of content today, but it will definitely be helpful to everyone. Read it carefully.
Last night's CPI data did not fluctuate much. Although it was negative, the market fluctuations only dipped quickly and then rose, digesting the stimulation of the news. The market fluctuations were just a smile! At present, the price is still in a state of shock, stably operating under the suppression of the trend line. The short sellers are still in an advantageous position and will continue to fall after the shock. We are waiting for the rebound to continue selling!
Width determines depth. There is only one trend in the market that can be swallowed up in an instant, and that is a sudden break after a long period of repeated fluctuations, and the price will keep moving forward like a wild horse! From the perspective of quantitative market sentiment, a sudden rise is opposite to a sudden fall. For example, last night it fell below the previous low support of 1907 and then quickly recovered. This is a relatively typical representative. Shocks correspond to unilateral movements. I believe everyone is familiar with this! For example, in the early period, the 1915-1930 range repeatedly fluctuated and then came out of a new space! Then this shock will inevitably determine a new direction, and this direction is the short direction. I have made it very clear, you have the final say whether to follow or not!
In recent days, after the price fell below the support of 1917, I have been emphasizing the need to go short and make profits many times. A small inducement will lead to buying the bottom, and I will only increase the position and go short again! I believe everyone knows the reason why the short order was placed at 1914-1915 yesterday! Some things don’t need to be explained. Those who know how to follow them will have the wisdom to follow them and not fall behind! During the day, we will focus on the short-term pressure of 1914-1916. Sell if the rebound is in place. The lower support will focus on last night's lows of 1905 and 1900. This is also our first target for shorts!
Last night's CPI data did not fluctuate much. Although it was negative, the market fluctuations only dipped quickly and then rose, digesting the stimulation of the news. The market fluctuations were just a smile! At present, the price is still in a state of shock, stably operating under the suppression of the trend line. The short sellers are still in an advantageous position and will continue to fall after the shock. We are waiting for the rebound to continue selling!
Width determines depth. There is only one trend in the market that can be swallowed up in an instant, and that is a sudden break after a long period of repeated fluctuations, and the price will keep moving forward like a wild horse! From the perspective of quantitative market sentiment, a sudden rise is opposite to a sudden fall. For example, last night it fell below the previous low support of 1907 and then quickly recovered. This is a relatively typical representative. Shocks correspond to unilateral movements. I believe everyone is familiar with this! For example, in the early period, the 1915-1930 range repeatedly fluctuated and then came out of a new space! Then this shock will inevitably determine a new direction, and this direction is the short direction. I have made it very clear, you have the final say whether to follow or not!
In recent days, after the price fell below the support of 1917, I have been emphasizing the need to go short and make profits many times. A small inducement will lead to buying the bottom, and I will only increase the position and go short again! I believe everyone knows the reason why the short order was placed at 1914-1915 yesterday! Some things don’t need to be explained. Those who know how to follow them will have the wisdom to follow them and not fall behind! During the day, we will focus on the short-term pressure of 1914-1916. Sell if the rebound is in place. The lower support will focus on last night's lows of 1905 and 1900. This is also our first target for shorts!
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