Directly short gold near 1998
The lowest price yesterday was 1986. Now it mainly depends on whether gold can fall below the ascending channel and reach around 1965, our final target. The trend on Wednesday was generally a rise and a retracement. The high pressure before 2009 above suppressed the gold price. This week, it entered a double top pattern near 2007. The hourly level directly fell from the upper Bollinger Band to the lower track, and stopped falling and rebounded at 1986. Although the current gold price is fluctuating at a high level, it is still based on a high-altitude layout to see the gold price falling. Today, the Asian market is waiting for a rebound around 1998 and intends to sell short. We are optimistic that the gold price will fall below yesterday's low of 1986.
Directly short gold near 1998
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I shorted gold in 1998 and am now reaping the profits as expected
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