The current trend of the daily MACD fast and slow lines is downward, coupled with the correction after the RSI overbought divergence, are all signals for short-term adjustment. However, only if it falls below the starting point of the 2156 interest rate decision, it will be considered a complete downward trend. The trend line The support is at 2162, so the support range is judged to be 2156-2162
Today's trend is particularly critical. The large range is now 2156-2185 and the small range is 2162-2180. You can sell high and buy low within this range and control your position reasonably. Because today is Friday, you can also continue to observe and wait. Once the trend is obvious, follow the trend and trade next week, so that the success rate of the transaction will be higher.
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Comment:
Today gold has been fluctuating within the range I predicted.
Comment:
I will continue my analysis next week and let's see where gold will go
Comment:
War expands again, will this drive gold higher again? I will continue to analyze tomorrow
