Donald-king

Gold made huge profits from short selling last week, next week?

TVC:GOLD   골드 (US$ / OZ) CFDs

We basically focused on shorting gold last week. The rebound is to give short selling opportunities. Although gold rebounded during the process, it eventually shot up and fell back. When gold shot up and fell back at a high level, it was a bull market. The gold 1-hour moving average is about to enter. If gold rebounds near 2165 next week, it will be the moving average resistance, and the trend line will suppress near 2167. If gold rebounds near 2165 next week, we can continue to short. Judging from last week's closing price, there are signs of further adjustments at the beginning of the Golden Week. Friends who have not entered the market can just prepare for it.



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