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Gold is expected to fall below 3300, continue to short gold!

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Fundamentals:

1. Pay attention to whether the geopolitical conflicts escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran, etc.

Technical aspects:

Although the gold price gradually rebounded after hitting 3320 points, the current rebound momentum is relatively weak. The gold price has turned from strong to weak, and the short-term "M"-shaped top structure formed by 3435 points and 3414 points above has suppressed the upward space of the gold price. Therefore, we still focus on shorting gold after the rebound. First, we focus on the resistance area of ​​3355-3365 points above. If the gold price rebound fails to successfully break through this area, the gold price will fall again and is expected to continue to fall to around 3280 points.

Trading strategy:

Consider shorting gold after gold rebounds to the 3355-3365 area, target price: 3340
Dagangan aktif
Gold rebounded to 3368 and then fell back. Our short positions started to make good profits again. Did you follow my short trading strategy to short gold? Expect gold to continue to fall
Dagangan ditutup: sasaran tercapai
Like-minded friends, our gold short position has once again ended the transaction by hitting TP: 3440! Did you follow me to short gold?

You can review all my previous trading strategies. Do you remember how many consecutive trading victories we have achieved since the last loss? I can tell you responsibly that it is 20 consecutive victories. I think we should cheer for this achievement!

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