XAUUSD 1 hour, it quickly pulled up in the morning and then fell back. The overall high point of 3405 continued to move down, and the low point position was lost. The overall market was still weak and volatile (intraday). For the current leveraged trading, you must grasp the position. The position determines the confidence. It is very uncomfortable to chase in the volatile market. Today, we focus on the loss of 3370 US dollars. The position that determines the long and short positions is 3405. Before there is no break here, we will continue to watch the volatile decline.
Today, I think there are two positions to short gold. One is to short after the break of 3370-68, and the other is to rebound in the area of 3390-95. Other positions are not considered for the time being. The aggressive short-term defense of 3370 is to look at a small range of rebounds. There are opportunities for both long and short positions in the volatile market. The key lies in the position.
Trading is risky, please control it reasonably. Charlie will share more trading experience. Stay tuned.