Don’t be afraid, the rebound is an opportunity to short goldGold has rebounded to around 2332 in the short-term. Many people are definitely afraid that gold will continue to rise to a higher level again. Maybe many people are even chasing gold above 2330. In fact, as emphasized in the first two articles, gold has now fallen below the upward trend, and the short trend is now very strong. The short position is far from over, so even if gold rebounds and repairs in the short term, I am not worried. If you read my previous article, I'm sure you know the orders I currently hold. To be honest, I currently hold short positions near 2316, 2320, 2325 and 2330. Although gold has just fallen back to around 2315 in the short term, all my orders have made good profits. But I still did not choose to close the order. I firmly held the order until it hit TP: 2305.
Gold started to fall from the 2335 position during the day, and gold did not even touch the 2335 position during the rebound. Therefore, it is confirmed that gold is only rebounding and repairing during the decline, rather than a trend reversal. Gold bears will continue to perform, and I expect gold to continue to fall back or even test the 2290 area support again. So I thought it was reasonable for me to set up the TP2305 during the transaction.
Therefore, don’t worry about gold’s rebound and recovery in the short term. Instead, I think this is a good opportunity for the market to go short again. I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
