Gold's decline is inevitable, and the rebound continues to sell
This wave of gold rebound has come to an end, and the decline is inevitable. Our strategy of selling at 2358 yesterday seems to be very correct. Today we will follow the trend.
Gold has been weakening continuously, breaking through the support level of the rising trend line at 2342. The rebound in recent days has been very weak. The decline of gold is completely under our control! Yesterday, we openly shorted at 2358, and fell to the target level of 2342 as expected. The short-term decline has gained a profit of 16 US dollars! For the trend that has fallen below the trend line, going long is not within our operation strategy. We will continue to sell when the gold price rebounds slightly and reaches the moving average pressure level of 2350!
Gold has been weakening continuously, breaking through the support level of the rising trend line at 2342. The rebound in recent days has been very weak. The decline of gold is completely under our control! Yesterday, we openly shorted at 2358, and fell to the target level of 2342 as expected. The short-term decline has gained a profit of 16 US dollars! For the trend that has fallen below the trend line, going long is not within our operation strategy. We will continue to sell when the gold price rebounds slightly and reaches the moving average pressure level of 2350!
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