Gold opened lower in the morning today and then rebounded and fell again. This kind of jump market fluctuates quickly but is mostly short-term. I usually remind you to avoid chasing orders to prevent being washed. Gold rebounded weakly and failed to touch 3320 and began to fall continuously. This weak signal alerted me - it failed to rebound strongly after the gap and instead remained at a low level, suggesting that the downward momentum was very strong and fully released, and there was a risk of further weakening. In the afternoon, the gold price was still hovering around 3312-3307, confirming its weak pattern. Combined with the repeated pressure on the key support 3300, I judged that the trend has clearly turned to short.
Gold recommendation: short in the 3312-3315 range, stop loss 3320, target 3280
Gold recommendation: short in the 3312-3315 range, stop loss 3320, target 3280
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.