XAUUSD:A rebound is an opportunity to short

So far, the market trend is in line with expectations, so let me just say what I think

At present, gold uses the First Republic Bank to lure more than 2000 areas, and currently breaks through multiple moving average support,
So gold here must still be bearish, and it cannot be said that it is bullish just because this wave has bottomed out.
On the contrary, you have to think about it, isn't this wave of rises an opportunity for us to enter the market and go short?

I think this wave is an opportunity for shorting instead. If 1980 is broken again, then 1970 must be broken here.



Therefore, I think there is no problem with shorting around 1990 at present, and the defensive stop loss can be placed above today's high of 2000.



Let's look at 1970 for the target below, and look at 1960-65 if it breaks.

Follow me, the transaction is actually very simple


GC1! XAUUSD XAUUSD GOLD

Kommentar:

2000 increase short position

Kommentar:

2000 short position profit, wait patiently

Kommentar:

Arrived at 1985, congratulations to the friends who followed, short-term traders can choose to leave the market with a profit, and there is still room for decline in the middle line