Continue to short on rebound, expect a big drop

24 set

#XAUUSD XAUUSD

The daily line closed with a long upper shadow bullish candlestick, the price deviated significantly from the moving average, and the need for technical adjustment was obvious; the four-hour chart simultaneously released a callback signal, the probability of bulls "resting" in the short term increased greatly, and a wave of adjustments was ready to go! Investors should be wary of this potential pullback risk. For the bears to trigger a significant decline, the key support level of 3735 must be broken; otherwise, gold is likely to rebound.

24 set

Trade attivo

#XAUUSD

Be wary of the triangle boundary breaking. Once it breaks through 3780, the rebound will continue to hit yesterday's high, or even test 3800. Be careful of gold rising and then falling. If it breaks through and stabilizes at 3780, we will see a rebound. Currently, I still hold short positions near 3775.

24 set

Trade chiuso: obiettivo raggiunto

#XAUUSD

As long as the trend line is not broken, intraday trading will mainly focus on short selling. In the short term, pay attention to the small support near 3765, where there may be a small rebound. When the European session touches this point for the first time, you can consider taking profits and exit the market. Wait for the second rebound to touch 3770-3780 and encounter resistance before continuing to short gold.

24 set

Nota