Can London Gold be shorted in the 3745-3750 area?

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Strategy: Shorting gold in the 3745-3750 area is recommended after the London gold market opens.

London gold has hit new highs since opening on Monday, and the current price has reached 3646. Judging from the short-term technical indicators, the opportunity to enter a short position in gold has arrived. The 60-minute and 70-minute macd indicators have shown signs of turning, and short-term shorting can be done directly.

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Dagangan aktif

Although the market is showing an upward trend, even a strong rise requires phased accumulation of momentum before it can continue to rise. From a short-term perspective, gold has shown signs of fatigue at the current price. It is recommended to appropriately arrange short-term short positions in the range of 3750 to 3755, and then consider entering long positions after the price falls back to the support level, which is safer.