On Monday, gold rebounded and shorted

Because gold fell by US 50 on Friday due to the impact of non-farm payrolls data.As the retracement space increases, it will make the recovery insufficient, so for gold as a whole, it is still biased towards short-selling, so in trading, we mainly maintain the idea of rebounding and shorting gold.So when we are trading on Monday, we can execute according to the following trading rhythm.

1.Don't chase short directly, because as the room for retreat increases, the market's risk-averse buying still supports gold, and gold may be pushed up at any time, so don't easily chase short gold directly at a low level.
2.Pay attention to the 2030-2040 resistance area above. If you enter the resistance area for the first time, you can appropriately consider shorting gold.
3.The following support focuses on the 2007-2005 area, and further focuses on the 2000-1998 area.

The above are the key areas that need to be paid attention to in the short term, as well as the general trading rhythm, and I will publish more detailed trading rhythm and entry positions in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.

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How do you think gold should be traded tomorrow

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Focus on rebounding and shorting gold

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Focus on rebounding and shorting gold

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