Over the past period of time, the price of gold has continued to rise and repeatedly reached new highs. This one-sided upward trend has accumulated a large number of profitable positions. As more and more investors choose to lock in their profits, the momentum driving the rise of the gold price will gradually be weakened, and the downward pressure will keep increasing.
The gold price is currently at a high level. This crazy bullish trend is simply unsustainable. It has now deviated seriously from the normal track. Such a situation is obviously unreasonable, and it is inevitable that the price will return to a reasonable range.
After conducting an in-depth analysis of various data in the current gold market, encompassing price trends, trading volumes, and market sentiment, as well as a comprehensive evaluation of the ever-evolving market situation, I am firmly and resolutely committed to implementing a short-selling strategy.
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