Going long in gold means destruction
From a morphological point of view, the current decline is in a stepped manner. The previous consolidation period of 2030-2049 is a platform. If this position is not broken in the later period, there will be basically nothing for the bulls. The pattern is in a big short position. This week, around 2030, there is already great pressure on the pattern. Today we predict that it will fluctuate within the 1994-2009 range for a few times. It is easy to fall but hard to rise now.
Support is 1994, pressure is 2007-2009, slightly stronger pressure is 2015, and the dividing line between strength and weakness is 2007.
Gold operation: Short selling around 2007, target 2000-1994
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
