magicianjerry

Breaking news. Whether to follow the signal to make money.

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

eview last week's trend. Gold once soared to the 1987 line. The fall of the US dollar and changes in geopolitics act as support. For many friends who follow me to buy gold, they have made a lot of money. This is something to be congratulated on. But if you didn't follow the signal to buy gold but sell gold in the last week. Then the loss is heavy.

Everyone has also seen that gold has not stabilized since it went up to the 1987 line. On the contrary, because of the rebound of the dollar, it continued to fall to the 1957 line. After the shock at the end of Friday, the closing price bottomed out at the 1962 line. After the opening of the Asian market, it touched the low of 1958 again, forming a short-term double support. There is no special news news today.

From a short-term point of view, the current support is effective. Because this is the first time that gold has formed a second low support after falling from its high level last week. So in the short term, I will mainly buy gold. Of course, the actual trading situation is subject to the real-time trading signal updated by me on another channel. Never trade blindly.

1970 above is a short-term pressure level.
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