Gold 1938-1940 short selling

Short

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

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OANDA:XAUUSD Gold Spot / U.S. Dollar

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Although the golden day is a shock that has come to an end, the rebound is very weak! This means that the bulls are powerless and will continue to fall. Then we will continue to short the U.S. market. We will go short at the current price of 1938 in the U.S. market and continue to look for new lows!

From the trend point of view, gold is still in a downward trend. Although the daily Bollinger Band is supported, the rebound is not strong enough! Whether it is strong or not, it is weak! It will continue to fall!

The intraday market has been operating below the pressure of 1942. The U.S. market relies on this resistance to go short and bearish. Let’s first look at the intraday support position of 1925!

specific strategies

Gold is short at 1938, stop loss at 1945, target at 1925.

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Gold 1938-1940 short selling

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