Gold dry short has a good start and the rebound is short!
Gold was directly short around 2360 in early trading, and the VIP signal also directly publicly stated that the current price of 2358 was directly short. Gold fell sharply as expected, and we will harvest a wave first. As we said during the gold weekend, gold has peaked in the short term, and the rebound in European and American markets continues to be short.
Gold formed a dead cross downwards in 30 minutes, and there is still a lot of room for gold to fall. Gold's safe haven over the weekend did not have the same unstoppable rise as before, but it surged higher and rebounded without strength. The gold bulls have announced that they have a way to go, and the short-term is controlled by the bears. , the moving average resistance of gold is now around 2365, and it will continue to go short after rebounding below 2370.
The market is changing rapidly and is confusing. Sometimes we cannot be fooled by the illusion in front of us. Only by not being afraid of the clouds covering our eyes can we see clearly behind the market. After gold surged higher and fell back on Friday, it was announced that the bullish position was over. What followed was a short-selling performance. We will continue to fight the short position first.
The market is changing rapidly and is confusing. Sometimes we cannot be fooled by the illusion in front of us. Only by not being afraid of the clouds covering our eyes can we see clearly behind the market. After gold surged higher and fell back on Friday, it was announced that the bullish position was over. What followed was a short-selling performance. We will continue to fight the short position first.
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Gold short orders continue to make profits
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After a unilateral surge that lasted for nearly 2 months, gold finally ushered in the long-awaited deep correction this week. So far, gold has dropped nearly 140$ from its historical high, which has increased the trend of gold. The probability of the sex turning negative. Judging from the 4H pattern, gold has clearly fallen below the previous upward trend line. There is a high probability that gold has formed a trend reversal, and there is a high probability of a short market in the future.
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