Today, gold rebounded after hitting a low of around 3245, and rebounded all the way to a high of around 3296, with a rebound of more than $51. Although the strength of gold's rebound cannot be underestimated, since gold fell and broke through, the previous support has become a strong resistance under the top-bottom conversion effect. Under the influence of heavy resistance, the short trend of gold has become more obvious.
At present, gold faces resistance in the 3300-3310 area in the short term. Before breaking through this area upward, gold shorts still have an advantage, and it is possible to test the support of the 3260-3250 area again. Moreover, before the NFP market this week, gold may maintain a volatile trend, so after a sharp rebound in gold, the short force may be more expressive.
Therefore, in trading, we can appropriately consider shorting gold in the 3295-3305 area, and look at the target area: 3275-3265-3255
XAUUSD 
DXY XAUUSD GOLD
At present, gold faces resistance in the 3300-3310 area in the short term. Before breaking through this area upward, gold shorts still have an advantage, and it is possible to test the support of the 3260-3250 area again. Moreover, before the NFP market this week, gold may maintain a volatile trend, so after a sharp rebound in gold, the short force may be more expressive.
Therefore, in trading, we can appropriately consider shorting gold in the 3295-3305 area, and look at the target area: 3275-3265-3255
XAUUSD DXY XAUUSD GOLD Trade active
Bros, we just made our first profit of the week. I just mentioned that we can consider shorting gold with 3300-3310 area as resistance today, and the target is 3275-3265-3255. I shorted gold near 3295 today and set a target of 3275. Just now, gold hit the target of 3275 during the decline. Easy profit of 200 points.
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