Maolin Reading Classic: Will Gold Still Fall? Short selling crude oil at high levels

Today's market analysis:

　　goldLast Friday, the low level fluctuated, and the daily chart closed with a cross shaped bullish candlestick with a long upward shadow. Overall, it remained weak and fell back. In early trading today, it fell directly below Friday's low level and has reached its lowest point so far1742Nearby, be patient and wait.

If the morning market directly fluctuates and weakens, then focus on the trend of the European market, and suppress the downward trend1755Position, if the European plate cannot be broken by reverse drawing1755Position, the US market continues to see new lows, of course, if the European market breaks through1755Position, then the US market will continue to fluctuate and rise, so focus on the trend of the European market today.

Top to bottom conversion pressing on top1750Nearby, the downward pressure is strong1755Position, as long as it doesn't break through the European backdraft1755So the US market continues to see new lows, and if it breaks through1755So, after stepping back, do backhand long.

Simply understand, today's market rebound has given1750Short selling near or above, loss1756, look at the goal1742-1735Location. If there is a breakthrough in the upward trend1755Position, after slightly stepping back on the front and back of the US market, follow and look more1763-1767Location.

　　crude oilOn the one hand, the downward adjustment trend is suppressed above the high point of rebound72.1Nearby, short line support below70.55Nearby, strongly supported69.9Near the early low point. In terms of operation, short selling should be the main approach when encountering high points, and backdrawing should be given72.1Short selling at high levels below, resulting in losses72.2, look at the goal70.6-69.8Nearby, fall back to give69.8Go long below!

Wen/Maolin Reading Classics (Wei Xin:Livse888）If your order is not smooth or your investment often shrinks, then you can pay more attention to yourself. Investment carries risks and caution is required when entering the market.