Rebound means shorting untuk OANDA:XAUUSD oleh Short-term-trading-king

Through the analysis of the golden hour chart, we know that the market continues to fall back and adjust. During the decline of the market, the main bulls are in a state of increasing their positions, indicating that it is a short-term behavior. The market has been fluctuating widely at high levels recently, which is also a sign of the The early rebound is a repair action. From the picture below, we can clearly see that there is now a bottom signal again. When it reaches this line in the early stage, a relatively long lower shadow line appears, indicating that someone is buying the bottom to intervene below. It is expected that the lower shadow will continue to appear today, forming a single-pin bottom. In the short term, we will continue to think high, low and long, focusing on going long on dips. The specific suggestions are as follows:

Gold 1973 and 1961 are long respectively, with stop loss of US$7 each and take profit of US$20 each;

Gold 1988 and 1995 were shorted respectively, with stop loss of US$7 each and take profit of US$15 each.

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Rebound means shorting

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