Gold Spot / U.S. Dollar
Short

Gold has made huge profits above 40, and may fall again in the e

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Gold continued to rise yesterday, breaking through the highs in the morning, and continued to rise in the European and American markets. The price approached the 3040 line. There was almost no callback during the entire rising process, and there is a possibility of accelerating to the top. It is very close to 3050. Don't blindly chase the price when it reaches here.On the one hand, technically, gold is in urgent need of a correction; on the other hand, the US Federal Reserve will announce its interest rate decision at 2 a.m. Thursday, and there will be a press conference at 2:30 a.m. This news will have a significant impact on the gold market, so pay close attention.Therefore, it is not recommended to chase high gold prices. You can short gold in batches around 3040-3050. The support below is 3027-3018-3006! If you want to be prudent, try to do less and wait and see. Let's see how it goes today and look for opportunities in the evening.

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