Trading-Sta

Can gold continue to be shorted now?

Short
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OANDA:XAUUSD   Or / Dollar Américain




In the early days of the U.S. market, the data was negative. Gold successfully broke through the position of 1964. Although there was a slight rebound, the low point was constantly being refreshed. Our 1975 afternoon chase is effective. We also said that 1970 fell below sister, and we will continue to look at 1960 The -1930 position is currently mainly supported at 1960. Under such an extremely weak position, 1960 may also be broken. Going back to this wave of chasing the short, the European gold has been going down all the way, with 6 Yin K and breaking the support level of 1970, so it decisively chased the short around 1967. For the U.S. market, it is still recommended to complete the short position in the operation, and continue to look at the short position in the hand, and the short position can wait for the gold price to rebound and enter the short position again
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