Chen Jie publicly advised going short near 3925–3935 this morning. In the afternoon, the market came under pressure at 3919 and fell steadily, breaking through the first target and moving down 28 points.
It was made clear early in the session that the rebound was merely an oversold correction, not a trend reversal. Many people saw the daytime bounce and mistakenly thought the market had bottomed, then blindly chased the rally. Stay with Chen Jie and keep focused on the bears’ control of the market; take the 28-point downward move in stride: #xau $XAU
It was made clear early in the session that the rebound was merely an oversold correction, not a trend reversal. Many people saw the daytime bounce and mistakenly thought the market had bottomed, then blindly chased the rally. Stay with Chen Jie and keep focused on the bears’ control of the market; take the 28-point downward move in stride: #xau $XAU
