GOLD:Continue to short gold (important data forecast)

6 Des

Yesterday, gold rebounded and then fell back, and the final rebound stopped at 2655. The trend is in line with our bearish expectations. As for the market break, it is a normal market! Judging from the current trend, gold lacks upward momentum at the 4-hour level. After three consecutive attempts at the 2660 position, the market fell back. This week, the market maintained a small range of 2630-2650. Accelerated breakthrough is inevitable. At present, the bulls are under great pressure. Unlike the previous continuous rise, this week's trend is weak and volatile, and the high-altitude thinking continues unchanged!

Therefore, the trading strategy recommends shorting at 2643-48, with a target of 2613-05!

For the direction of today's data, I personally predict that the possibility of negative news is relatively high. If the data is unexpected, the gold price will rebound. As long as it does not break through 2655, it can still be shorted in the case of increased market trading volume, and the short position will be abandoned directly after breaking through 2655.

6 Des

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