Gold 1970 current price short selling
The price of gold once reached around 1955, but it was obviously not strong enough. That was because the shorts had insufficient energy. The current K-line rebound is in place. The overall situation is definitely still a short position. The big negative line is continuously downward, and the daily level is the big negative line entity downward, forming an obvious top. The signal is also an obvious head and shoulders top.
The four-hour line is also a continuous negative line that breaks through the support level. The K-line is always running below the 50 moving average. Even if it rebounds, the K-line only touches the moving average, and then is pressed to the floor and rubbed. The lower support is near 1952. This is also our The target position, of course, we have been looking at the upper resistance near 1983. The lower part remains short, and 1970 is short.
Operation strategy: short gold at 1970, stop loss at 1983, target at 1948
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