The current trend of gold has seen some energy from bulls shrinking. Yesterday’s market did not refresh the previous day’s high. Instead, it tried to break through the 2400 mark many times under the pressure of the 2400 mark. Unfortunately, gold no longer has enough energy to hit the 2400 mark. , and also fell below the previous rising trend line support, which means that the range of small bulls has passed, and will now gradually turn into a pattern of shock and decline! During the day, we will wait for the gold price to rebound and reach the pressure level of the moving average near 2377 before going short!
Judging from the one-hour trend, gold has recently failed to break through the 2400 mark three times, and judging from the traces left behind, its trend shows a head and shoulders pattern, which is also one of the reversal patterns. From a technical point of view , the bulls announced the end, the bears will cover the original rising market, then today's operation idea is very clear, the rebound short will be the main strategy!
specific strategies
Gold is short at 2377, stop loss is 2385, target is 2362
액티브 트레이드
If you see my analysis, you should be prepared in advance
액티브 트레이드
Already reached the position to open a position
액티브 트레이드
Has gradually formed a downward trend
액티브 트레이드
The current position of gold will not fluctuate too much, so you just need to be patient and wait.
액티브 트레이드
Starting to enter a downtrend
액티브 트레이드
As gold rises, it falls as well, which is obviously a bull market.