First short gold, then long gold

מעודכן
Brothers, today is a new beginning, let's trade happily together! Currently, gold has risen to around 2526, approaching the previous high of around 2532 again. Obviously, the recent buying support below is strong, and the market is enthusiastic about going long. So gold has not seen a decent retracement.

However, I don’t think chasing gold is a wise choice now, so going long gold is not my first choice now. On the contrary, I will still choose to short gold in an appropriate amount to gain gold's retracement space. The short-term resistance above is located in the 2535-2540 area. However, in this market, I don't expect too much room for decline. The first support below is around 2510, followed by the 2495-2490 support area below.

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עסקה פעילה
Gold has begun to fall as expected. Will gold fall to around 2510 as expected?
עסקה פעילה
Gold is suppressed to a certain extent in the 2530-2535 area, so it has not yet achieved an effective breakthrough. After consuming a certain degree of upward momentum, gold bears may counterattack.
עסקה פעילה
Gold has fallen below 2520 in the short term. Is it still far from our first target of 2510?
עסקה פעילה
Gold rebound is an opportunity to short, gold will fall further
עסקה פעילה
Today is not over yet, gold still has room to fall
עסקה פעילה
As gold falls back, the current 2520 position has become the current resistance area
עסקה פעילה
As I expected, gold has insufficient rebound momentum. The rebound of gold is an opportunity to short gold.
עסקה פעילה
Gold has little fluctuation for the time being, but relatively speaking, its upward momentum is gradually weakening
עסקה פעילה
Gold fell to a low of around 2509, hitting my first target of 2510
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