Gold fell yesterday to break the rising trend, and today it rebo

The current trend of gold has seen some energy from bulls shrinking. Yesterday’s market did not refresh the previous day’s high. Instead, it tried to break through the 2400 mark many times under the pressure of the 2400 mark. Unfortunately, gold no longer has enough energy to hit the 2400 mark. , and also fell below the previous rising trend line support, which means that the range of small bulls has passed, and will now gradually turn into a pattern of shock and decline! During the day, we will wait for the gold price to rebound and reach the pressure level of the moving average near 2377 before going short!



Judging from the one-hour trend, gold has recently failed to break through the 2400 mark three times, and judging from the traces left behind, its trend shows a head and shoulders pattern, which is also one of the reversal patterns. From a technical point of view , the bulls announced the end, the bears will cover the original rising market, then today's operation idea is very clear, the rebound short will be the main strategy!



specific strategies


Gold is short at 2377, stop loss is 2385, target is 2362

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If you see my analysis, you should be prepared in advance

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Already reached the position to open a position

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Has gradually formed a downward trend

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The current position of gold will not fluctuate too much, so you just need to be patient and wait.

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Starting to enter a downtrend

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As gold rises, it falls as well, which is obviously a bull market.