A big trend is taking shape and will not change easily. For the future, the price of gold is bullish, but that is after 2022, and it is currently necessary to backtest the support level.
Potential Bearish wedge pattern. It is recommended to go short at high positions.
Reach near 3.66k, you can try to short
1D chart head and shoulders pattern. I don’t think it’s a real rise. For this round of rise, I think it’s a backtest of the bottom of the head and shoulders pattern. Therefore, the probability of AB=CD pattern appearing in the future is very high.
Look the other way around, which direction would you buy? Now, the support below is more like the pressure at the top.
If it effectively breaks through 93.4, continue to look at the highs from November to September last year. Need to break the upper resistance zone
Breaking through the long-term downward trend line, the market outlook has huge room for growth. There is room for adjustment, but it is not very large, unless it breaks below 65, 65~61.5 is still the main support area at present. If it can reach near or below 60 in the future, it will be a very good investment opportunity.
Retested the lower edge of the wedge that broke on August 6,so high-altitude layout
Trend-based Fib Expansion connect BCD three points,What have you found?
Breaking the Fibonacci 50% retracement level will touch this area
/x/hTO0O8zJ/ As can be seen from the figure, 1818 ~ 1833.5 is a key resistance range, and the gold price has shown a reversal signal in this range, and the probability rate will continue to fall. The following initial support is 1800, followed by 1790, 1785, and finally 1775. As the key support level of this round of rebound, 1775 will be tested if it falls below...