With oil prices soaring, gold struggles to rise.

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With oil prices soaring, gold struggles to rise.GoldOANDA:XAUUSDWilson_Markets9Gold prices lacked upward momentum and continued to fluctuate downwards. Technically, the market should continue to be treated as a short-selling opportunity. Oil prices have been soaring, and expectations of continuous inflation and interest rate hikes this year are rising. Only the Fed's decision can save the bulls from their slump. The market is fiercely contested between bulls and bears. Going forward, the main strategy should be to short and secondarily go long, as the fundamental factors continue to suppress the bulls, and the shorts are indirectly increasing in volume. However, it is not advisable to chase the short position in the middle. For leverage, it is sufficient to place a long position in the 4230-4200 range. The position size in this range does not need to be too small. There is short-term resistance around 4282-90, with a key resistance level to watch around 4318-4327. XAUUSD XAUUSD XAUUSD