Gold prices fell rapidly yesterday and hit support near 1927 in the evening. The decline slowed down. This is also what I expected. Short orders are taken to take profits. Technically, short sellers have a need to reverse the pullback. With a prudent operation strategy during the day, you can patiently wait for the price to rebound to 1932, and take advantage of the trend to place a short order near -1933!
The daily line trend closed a relatively large negative line yesterday, which is also consistent with my expected trend yesterday, and according to this closing pattern, there is a high probability that it will continue to maintain a negative line trend today, so the high altitude will be the mainstream. The recent operating situation. Don't think about buying the bottom during the day, but think about buying the bottom and rebounding. Investment is not a child’s play, and not every wave of profits can be easily grasped!
The short trend on the hourly line is still good, but the only shortcoming is that the counterattack force is relatively weak and there are few opportunities to enter the market. If you are not sure, you will have to wait and see all day long. Technical analysis shows that the moving average maintains the dead cross pattern, and the price also fell below the bullish trend line and stabilized below. The decline is already a certainty. If it rebounds to the 1933 line today, you can continue to short. Pay attention to the 1938 first-line moving average pressure during the day. , the target is the 1918 support level, which is the 50% retracement level of the overall rise!
Trading strategy: short gold at 1933, stop loss at 1939, target at 1918
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Gold fluctuates normally
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You should be able to see my analysis
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My analysis is correct, the general direction of gold declines obviously
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It’s only a matter of time before gold falls
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I said that my winning rate is above 95%. You just need to talk less nonsense and follow me to trade and learn with peace of mind. I guarantee that you will make money 100%. It’s that simple. We have won 21 consecutive victories.
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The 1-hour moving average of gold is opening downward continuously, indicating a clear short trend. The gold 1-hour head and shoulders structure shows that the decline is far from over. The bulls suppressed by the 1-hour downward trend line in the past two days have no power to fight back. Now the resistance of the downward trend line has moved down to near 1926, and the US market rebounded near 1926 to continue shorting.
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Brothers data plummeted
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perfect dip, great analyst
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TP
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