Press the take-profit button for short orders, and the European

Spot gold prices continued to fall in early trading Tuesday. Spot gold fell below the 2,300 mark for the first time since April 5 in early trading, with an intraday drop of more than 1%.



After the continuous decline in the previous trading day, especially after falling below the 2372 support line, the defense line was broken down, which means that the decline will continue. We started to follow the operation and opened short to the 2331 line twice in a row, and fell further in the late trading. After finding the 2324 support, it opened lower and fluctuated. We directly chose to follow the short position again at 2333/34 and successfully exited with a profit. The market price fell directly below the 2300 mark and once fell to the 2295 line.



After the market fell in the morning, there was no significant rebound around noon. It reversed at 2315 points and then began to consolidate at a low level. Under normal circumstances, the Asian market falls and pulls back around noon, but the European market still needs to be further bearish, especially since the Asian market rebound is not obvious and shows a low and volatile trend, so the price is still weak, and you should continue to follow the short side at this time. , launch suppression around 2315, and continue to look at the 2300 and 2294 lines.



International golden thinking layout, for reference only:



1. Short-term: Start suppression near 2315, continue to look at the 2300 and 2294 lines


Inhibition points: 2315, 2324, 2334



Support points: 2300, 2294, 2282


If you like my analysis ideas, please tell me

액티브 트레이드:

Waiting for gold to adjust again

액티브 트레이드:

Correction is another opportunity to go short

액티브 트레이드:

Trust my analysis, because I am the best, haha