Gold's Next Big Opportunity: 1880-1850
Follow me, they seized the opportunity for gold to rise from 2000 to 2050, and also seized the opportunity to fall from 2020 to 1920, and they made a lot of money!
Now, how to trade? Follow me, let me take you through analysis bit by bit.
We continue to observe with the 4h chart.
Now, it is around 1920. Looking at the overall shape, its falling process is very similar to the previous rising process. It has undergone repeated shocks from 1930 to 1980, and now it has returned to below 1930. If it wants to rise higher (1950-1980), it must first break through the resistance of 1928-1937, but judging from the current shape, the probability of breaking through 1937 is not high.
Well, since it is unlikely to break through 1937, it means that it will fall again. Let's analyze the upward trend of 1800-2000.
When it is forming the bottom, completing a breakthrough, and rising rapidly, its backtests are 1885, 1908, 1935, 1951, and 1973. During the upward process, they are support, and once the trend turns downward, they will become resistance. .
Now, only the support of 1908 and 1885 still exists. If 1935 cannot be recovered, the next decline will be around these two points.
This is our next direction. If it falls below 1880-1850, it will return to 1800. At that time, there is a high probability that it will return to above 1900 and face new resistance.
If it fails to break through at that time, it will form a head and shoulders pattern, and this process may take more than 3 months. But if there is such a trend, please be sure to catch it, it will bring you very, very rich profits, and finally, please save this analysis chart!
I will start trading this strategy today!
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I have started trading this strategy
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Did you make money today?
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Are you shorting?
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It has come to the resistance level again, if it can't break through, see you in 1900!
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hello 1900
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