Negotiations have collapsed! Safe-haven demand has pushed gold to close with a large gain, but Bit has done the opposite and closed with a large loss, completely reversing the gains made at the end of last month. The technical indicators are showing strong short positions again. As mentioned earlier, a rebound is not a reversal. The current price is in a low-level fluctuation, and the strength of the rebound is weak. For the day, short-term positions can continue to short during the rebound.
Operation suggestion: short positions near 88200, target around 85000.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Negotiations have collapsed! Safe-haven demand has pushed gold to close with a large gain, but Bit has done the opposite and closed with a large loss, completely reversing the gains made at the end of last month. The technical indicators are showing strong short positions again. As mentioned earlier, a rebound is not a reversal. The current price is in a low-level fluctuation, and the strength of the rebound is weak. For the day, short-term positions can continue to short during the rebound.
Operation suggestion: short positions near 88200, target around 85000.