Will gold continue to fall?How should we grasp trading profits?
Gold is currently pulling out a doji on the daily trend and then falling continuously. At present, the K-line has begun to gradually fall below the short-term moving average. There are signs of gradual weakening in the daily trend, and it tends to continue to adjust.Combined with this week's market speculation that the Fed may continue to maintain expectations of interest rate increases, this will also suppress gold and increase the possibility of correction and adjustment.
On the 4-hour level, although it rebounded after hitting a low of 1981 and returned to above US 2,000, it still maintains a downward structure as a whole.Even if the US dollar continues to fall, the gold price is not particularly strong in the process of rebounding, so gold is still weaker in the short-term trend.
In the short term, pay attention to the 2010 resistance above, and the 1990 support below.
I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
On the 4-hour level, although it rebounded after hitting a low of 1981 and returned to above US 2,000, it still maintains a downward structure as a whole.Even if the US dollar continues to fall, the gold price is not particularly strong in the process of rebounding, so gold is still weaker in the short-term trend.
In the short term, pay attention to the 2010 resistance above, and the 1990 support below.
I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Comment:
Gold currently has limited room for volatility. We are not in a hurry to operate. Good trading opportunities need to be patiently waited for.
