Go long gold first, then go short gold

Gold has tended to be volatile in the past two days. As I predicted a few days ago, after the sharp decline, gold may digest the sharp decline in a volatile manner. Although the current market fluctuations are not large, it is still profitable. Judging from the current trend, the short-term decline has been alleviated, and the bulls have the motivation to continue to rebound. However, last week's high black candlestick chart was engulfed, laying the foundation for bearishness this week. The overnight strong impact also failed to break through the 2365 key point, indicating that there are still a lot of short pressure above 2360. So overall I still tend to be bearish on gold.

However, gold has now fallen back to around 2340. Before gold fails to fall below the 2335-2330 area, gold bulls still have room to fight back. So for the time being, I will not be too bearish on gold. In terms of short-term trading, I think both long and short sides have the potential to make profits.

So it has fallen back to around 2340. We can first participate in short-term long gold. After gold rebounds, we can consider shorting gold at the right time!

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Trade attivo:

Continue to add positions near 2335 to go long on gold

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After gold fell to around 2335, it has now rebounded above 2345, and we have made a good profit.

Trade attivo:

Gold is still fluctuating around 2345

Trade attivo:

TP:2348

Trade attivo:

Patiently wait for the gold rebound to hit TP

Trade attivo:

The US dollar index rose violently, but gold was unwilling to fall. Gold bulls still have room to fight back.

Trade attivo:

The US dollar index has risen sharply, and gold has shown strong resistance in the decline, so gold is expected to rebound in the short term.

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Gold stabilizes in the short term, wait patiently for gold to rebound

Trade attivo:

Gold has stopped falling and stabilized in the short term. Wait patiently for gold to rebound.

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Gold is rebounding, we have made good profits, wait patiently to hit TP

Trade attivo:

Gold still held the 2335-2330 area during the decline. Gold bulls have not completely given up, and long positions still have opportunities.