Gold Spot / U.S. Dollar
Short
Updated

Gold's slow rise approaches key resistance! Follow 3020

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Early layout plan for gold: On Tuesday, the public strategy suggested shorting gold at 3015, which was perfectly hit again, and successfully obtained high-altitude profits. In the real market, short orders near 3014 were also arranged, and the market closed at 3000-2998, and then 14-16 points of profit were collected!

Gold technical analysis: On Monday, gold went long and short, and then rushed up and fell back! Yesterday, it was also mentioned that it was still a high-opening strategy, and then gold rebounded and plummeted in the evening; from a technical point of view, the previous gold daily chart encountered resistance near the historical important resistance level of 3135 and then went down, pulling out a big negative line, which is a strong message for the shorts! Although the current gold price is close to the lower track of the Bollinger band below, the shorts are still very strong.



But at present, our general direction is still bearish. In addition, according to the current 4-hour chart, gold formed a double top pattern correction in the early stage. Although the short-selling force is strong at present, the long-selling force is not weak. The slow rise and pullback in the early trading has some strength. The upper resistance is still around 3020, and the key pressure is above 3035!

Gold operation strategy: short around 3015-3020, defend the key resistance of 30-35, and target 2990-80!

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The public beta strategy recommended shorting gold near 3020, and it hit the target perfectly again, successfully making a profit. In the real market, short orders were also placed near 3019, and the market closed at 3009-3005, and then profit-taking was 10-14 points!

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