Investors-Lord

Gold continues to be short around 2050

Short
Investors-Lord Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar


The 2045 short order has made a profit, and the K-line continues to be bearish. I told you in the early trading that the K-line has ended. You don’t have to believe it. I also told you clearly that the timely indicator has failed. If you continue not to believe it, it doesn’t matter. It does not affect your view of gold. Fall, are you ready?

At present, the K-line has a short-term top signal, especially the 2050 line has peaked, and the large negative line has swallowed up the positive line. This is a typical downward trend. At the same time, the 50-day moving average has obviously turned downward, and the big negative line has obviously turned downward. The negative line breaks through the support level, empty, 2050 is in the air

The evening star or hammer line appears on the four-hour line of gold price. This is a top signal. At the same time, the K-line will inevitably return to the 50 moving average. There is no doubt about this. The K-line is always a yin and a yang, and it will inevitably go down. 2050 will continue to be bearish.
Trade active
Trade active
Trade active
Trade active
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.