The current price of gold is directly short

Gold rebounds again? Has the market reversed? However, the 4-hour trend line of gold is still suppressing gold, and the current price of 1916 is directly short.




Gold seems to be strong in early trading. Although it has rebounded sharply, it is actually due to the boosting effect of gold. Gold has been rising strongly recently and has even broken new highs. Recently, many friends have asked why gold is so strong. In fact, it is normal to have a basis difference, but it is abnormal if the basis difference is too large. Because most of the time, the market will return to the right track. When things go to extremes, we must be cautious. The crazier it is, the more dangerous it is. If gold rises and falls back, I believe everyone knows what will happen next.




The 4-hour moving average of gold is still a dead cross, and now it has just rebounded to the resistance level of the downward trend line. The downward trend of gold still has not received a signal to reverse, and the current price of 1916 is directly short. It is inevitable that people will have bad luck sometimes, but as long as we adhere to the principles and technical support that we have always adhered to, the fog will eventually be lifted, and the sunshine will be right in front of us.





Gold is short at 1916, stop loss at 1923, target 1905-1895;



The trend is still floating within my analysis, hello traders, please continue to pay attention to my analysis, I wish you a happy life

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I finally made a mistake, I’m very happy, 29 wins and 1 loss