jherryPowell

Gold's rebound is under pressure, consider falling back

Short
jherryPowell Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
It can be said that yesterday's gold was very successful, with direct income reaching more than 200%. At present, there is a certain pressure on gold.

Gold has now formed the head and shoulders pattern of the hourly chart, and the market has turned down. The next step will be high altitude!Relying on the pressure of 2030, the European market rebounded and shorted!

Judging from the time chart, gold now belongs to the adjustment wave of A, B, and C. Wave A fell to the 2000 position, and then Wave B rebounded to the 2047 line. Now the rebound is over, starting the downward trend of Wave C!Now the top form has been formed on the hourly chart!It can be established that the decline begins again,sell!


The market is always changing, and the strategy will always change. If you can't grasp the market well, you can enter the channel.
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