Gold rises strongly, temporarily observe and wait

2025-05-06 2407

In the morning, gold soared directly into the sky

This trend is not quite normal. Currently, we can only take a wait-and-see approach with short positions. Sometimes, short positions are the highest level of trading, but not all trends need to be manipulated. Short positions are a form of cultivation and also a way to remain calm

The golden bullish candlestick has surged directly above 3250 without any signs, soaring in just one second. This is clearly a bullish trend, but we are currently short. The resistance above is still at 3380, and the support below is obviously at 3270. Of course, the 3300 integer level is also supported. Currently, the high level is short, and the low level is high. We are just observing and watching

Investment strategy: Short selling gold 3380, stop loss 33392, target 3280

Disclaimer: Investment carries risks, caution is required when entering the market

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