GOLD:Or go short

10 déc.

Mainly driven by the resumption of gold purchases by the People's Bank of China after a six-month suspension, coupled with the market's significantly enhanced expectations for the Fed's interest rate cut next week, further boosting bullish sentiment, gold prices rose sharply on Monday.

Judging from the continuous rise in the European session, the US market must have fallen again, whether it is the top and bottom conversion position, the 382 callback position, or even the 618 position or the hourly chart below the big positive line, all failed. The trend is straight up and down, the US market fell, the Asian market rebounded slightly, and the European market is expected to rise first and then fall. This means that it is still impossible to go long today, and you can only rely on the rhythm of the European session to rebound and short.

So I suggest shorting at 2665-2670, with a target of 2650, and look at 38 after breaking through.

10 déc.

Transaction en cours