Gavin-analyst

Gold fluctuated and rebounded, selling at a high of 2177

Short
Gavin-analyst Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar

The last trading day first rose and then fell in the short term, and continued to fall back to adjust to the support level close to the lower trend line. The gold half-hour chart moving average crosses the short position, and is also suppressed by the downward trend line. The resistance of the gold trend line has now moved down to 2177 nearby

In the short term, the rebound highs on Thursday and Friday were around 2180-2185, and there was a certain degree of suppression and decline, which will serve as the key resistance area in the market range at the beginning of the week. Today opened higher at 2178, which can be used as a reference. , as for the lower target, just pay attention to the closing low of 2160 and below.

gold:sell2172-2177
tp:2167-2162
sl:2185

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Comment:
Gold fluctuated and rebounded, selling at a high of 2177
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Comment:
The strategic position is here, sell it directly at a high price
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Comment:
When will the gold arrive at TP? I believe it will be possible.
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