GOLD:Short-term and wait until it falls back to go long

11 Des

The surge in gold prices was mainly supported by factors such as the intensification of geopolitical tensions and the expectation of the Federal Reserve's third interest rate cut next week. In addition, the resumption of gold purchases by the People's Bank of China also pushed up gold prices. At the same time, geopolitics played an important role after Syrian President Assad was forced to step down.

Military conflicts, political checks and balances, "black swans" in the financial market, natural disasters, etc. have led to a temporary increase in market risk aversion, which is expected to bring greater short-term elasticity to gold prices and will also play a key role in the point breakthrough of gold prices;

Short-term shorting needs to wait and see, shorting can only go with the trend, and pay attention to falling bulls.

Therefore, it is recommended to go long at 2680-85, with a target of 2699-2721

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