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Go long gold first, then go short gold

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First of all, let me reiterate that our interim target is in the 2460-2450 area, so we have been shorting gold around 2525 recently and have made good profits in short-term trading. At present, gold is mainly running around 2500, but it has never effectively fallen below the 2500-2490 support area. So overall, gold still maintains high-level fluctuations.

On the other hand, the buying support below gold is strong, and new funds may buy after the decline of gold, limiting the decline of gold. So even if I am optimistic about the decline of gold and set the interim target as the 2460-2450 area. But gold will not fall to the right place all at once, so I will not advocate shorting gold directly around 2500.

On the contrary, for short-term trading, we can appropriately go long on gold around the 2500-2490 support area, and after gold rebounds, we will re-enter the gold short trade!

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Bros, gold rebounded after reaching 2493, and we started to make profits again
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Gold still has the potential to continue to rise, let's first look at around 2516
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I will consider shorting gold again after waiting for gold to rebound
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Gold is near the short-term resistance of 2513 and is gathering strength to seek an upward breakthrough.
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Although gold fell again in the short term, it did not break down, and gold still has the potential to rebound
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Gold rebounded again to around 2505. Can gold continue to rebound?
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When gold touched 2510 several times just now, I did not close the order, because I thought gold should be able to reach 2516-2518 area. But gold could not even break through 2513-2515 area during the rebound, and even retreated to 2496 again. To avoid massive selling caused by the fall of gold, and in addition, short-term resistance is faced in the 2506-2508 area, so I just chose to close our long position near 2505. Although some profits were taken away, it doesn't matter, we will seize more trading opportunities later.
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In fact, for the stage target, I still set it to the 2460-2450 area. If gold continues to rebound, then I will still choose to short gold again at the appropriate position!
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If gold rebounds to the 2515-2520 area, we can consider starting to short gold.
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If gold fails to close above 2510 today, it will remain weak tomorrow.
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Gold's rebound is weak. Next, we will focus on shorting gold at high levels. Perhaps the next two days will be an opportunity to reach our target area of ​​2460-2450.
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