Gold falls as expected, awaiting guidance from ADP

Gold continued to fluctuate in 1 hour. Now, the gold fluctuation is most likely a relay of decline. Gold rebounds and continues to be short. The gold 1-hour moving average gradually begins to stick together, but it is still diverging downward. If it continues to cross downward to form a dead cross, then there is still room for gold shorts to fall. Gold hit a high twice and was suppressed by the 3330 line. Today, gold continued to be short at highs under the pressure of 3330.

Gold bulls continue to rebound every time. Now gold bulls obviously have no confidence in further rise, so gold shorts take the opportunity to exert their strength. Gold is still the home of shorts, and gold rebounds and continues to be short.





US trading operation ideas:


Gold 3320 short, stop loss 3330, target 3300-3290;