Choose to short gold first

31 Jul

At present, gold has touched 2430 again. From a technical point of view, the candlestick chart is under pressure in the 2430-2435 area. Moreover, the Federal Reserve's interest rate decision will be announced soon, and gold may be in a bullish pattern before then. Moreover, the gold market has recently risen due to multiple speculations about interest rate cuts. Even if the Federal Reserve cuts interest rates as expected, gold will continue to fall after the good news is fully released. So in terms of short-term trading, first of all, I will still choose to short gold in an appropriate amount near 2430!
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31 Jul

Trade aktif

The Federal Reserve's interest rate decision was announced, and the Federal Reserve will not cut interest rates for the time being

31 Jul

Trade aktif

If gold cannot break through 2435-2440, then gold will fall again