6.27 Gold rebounds and adjusts, don't chase shorts at low levels
Gold fell below this week's low of 3295 today. As of now, gold has hit 3285 and is fluctuating. Don't chase the short position and short it when it rebounds. Now you can only wait patiently for the rebound before entering the short position. Be a steady hunter and wait patiently for the appearance of prey!
Gold is now focusing on the short-term suppression of the upper 3301-3306 line, focusing on the suppression of the upper 3314-16 line, and the support below is 3276-80. Short it when it rebounds.
Strategy ideas:
1. Gold rebounds to 3301-3306 line and shorts lightly, rebounds to 3314-16 line to cover short position, stop loss 3324, target 3280-85 line;
Gold is now focusing on the short-term suppression of the upper 3301-3306 line, focusing on the suppression of the upper 3314-16 line, and the support below is 3276-80. Short it when it rebounds.
Strategy ideas:
1. Gold rebounds to 3301-3306 line and shorts lightly, rebounds to 3314-16 line to cover short position, stop loss 3324, target 3280-85 line;
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Weekly line is about to end and continues to fall
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