Gold fell directly below 1970 during the European trading session, with its lowest position touching around 1965. As I said before, as long as gold remains above 1970, gold will likely organize a continued upward attack again. However, it is obvious that gold fell below the 1970 position and the rebound momentum has weakened, so we can determine that gold will return to the short trend.
Then our next transaction is very simple. The main rhythm is to short gold on rallies. The first thing to pay attention to above is the resistance in the 1974-1976 area, and the second is to pay attention to the resistance near the 1980 position above. If gold falls again once it rebounds, the target position for gold is likely to be the 1960-1955 area.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Then our next transaction is very simple. The main rhythm is to short gold on rallies. The first thing to pay attention to above is the resistance in the 1974-1976 area, and the second is to pay attention to the resistance near the 1980 position above. If gold falls again once it rebounds, the target position for gold is likely to be the 1960-1955 area.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Trade active:
You can short gold in the 1972-1974 area
Trade active:
Gold has started to pull back
Trade active:
I will still be short gold with 1980 as resistance