Stay bearish under gold 1963, believe me you have a chance to wi

The market is running very slowly at the moment and short interest is bleak. The price of gold fluctuated and weakened below 1963, which we often mentioned last week. Head to the front lines of 1980! Stay bearish until then! In the afternoon, internal user short orders 1956 entered the market ahead of schedule, and the short-term target of 1942 remained unchanged.



We mentioned earlier that this Friday's non-farm payrolls data will be the focus. The only thing expected to move the market significantly ahead of the non-farm payrolls data is Thursday's initial jobless claims data. Until then, I think the market will be range bound and weaker from 1963 to 1942. The market can continue to take short positions when it is close to 1963, but it is not recommended to do long positions when it falls to around 1942, because the overall trend has been biased towards the bearish trend, and the low point of 1942 may fall to 1942.



For now we remain bearish. From a technical point of view, the current price is suppressed by the dead cross of the upper moving average. From a morphological point of view, the flag shape has formed a downward trend. Suspense, the current price of 1956 can be directly empty, the target is still 1942, and the stop loss is 1965!



Trading strategy: gold 1956 empty, stop loss 1965, target 1942


The trend is still floating within my analysis, hello traders, please continue to pay attention to my analysis, I wish you a happy life

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Don't worry, the market will adjust normally