Pay attention to 3360 and go short if it does not break

5월 8일

🗞News side:

1. China and the United States hold talks on trade issues
2. India-Pakistan conflict escalates again
3. Geopolitical risks

📈Technical aspects:

At present, gold has fallen below the trend line support. In the short term, we should focus on the battle for 3360. This point is not only the previous support-to-resistance level, but also the key signal for judging the trend reversal. If it cannot hold on to this position, the short trend will continue; if it recovers effectively, it may return to above 3400. Before losing the defensive line (the last starting and falling point) 3360-3362, the bears will still have the upper hand. It just so happens that the 4H lifeline is also in the 3360-3362 area. If the suppression is successful, the price will enter the 3362-3284 area from the lifeline to the lower track.
The rebound layout of the US market operation is short-selling, with the target at 3340-3330, and further support at 3310-3300.

If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.

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5월 8일

액티브 트레이드

Gold managed to hit our TP in anticipation of an easing of trade tensions after Trump announced a trade deal with the UK. Congratulations to all the bros who referenced and followed through on executing their short orders.