Gold's decline remains unchanged, 2035 is directly short
The current short-term trend of gold prices is still in the stage of shock and decline, but the mid-term trend decline has basically arrived. The closer the gold price is to the support of the 2000 mark, the more hesitant it becomes. The daily K has closed a long lower shadow, but for the key support of the 2016 mark position, it is expected that it will dip again in the day and then stabilize before considering starting a new round of counterattack. In 2035, we are short-term and bearish on the decline!
Technical analysis shows that the current short-term pattern is fluctuating and falling, with lows getting lower and lower, and highs also showing a downward trend. The current upper pressure is at the 2037 line. From a morphological point of view, short-term shorts have a clear advantage! Similarly, when the price of gold fell below last Friday's non-agricultural low of 2024 yesterday, the previous hold on short orders was released, and the market triggered a short-term short-selling sentiment. The price of gold further supported the downward adjustment and reached the 2016 line, but its decline The trend will not stop here. If gold wants to rise significantly, it must first form an effective reversal pattern! Therefore, the gold price will return to test the validity of the point near 2016 during the day. In terms of operation, just go short if it rebounds!
Trading straregy:
Gold is short at 2035, stop loss at 2042, target at 2020
Technical analysis shows that the current short-term pattern is fluctuating and falling, with lows getting lower and lower, and highs also showing a downward trend. The current upper pressure is at the 2037 line. From a morphological point of view, short-term shorts have a clear advantage! Similarly, when the price of gold fell below last Friday's non-agricultural low of 2024 yesterday, the previous hold on short orders was released, and the market triggered a short-term short-selling sentiment. The price of gold further supported the downward adjustment and reached the 2016 line, but its decline The trend will not stop here. If gold wants to rise significantly, it must first form an effective reversal pattern! Therefore, the gold price will return to test the validity of the point near 2016 during the day. In terms of operation, just go short if it rebounds!
Trading straregy:
Gold is short at 2035, stop loss at 2042, target at 2020
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