Gold Price Tracking
Gold continued its downward trend, and the price trend was relatively smooth.
1.In the one-hour chart, there is a five-fold fractal structure. If the hourly chart is used as a transaction, it is easy to be corrected back and forth to stop losses in the short term.
2.Now the daily-level structure begins to move down, and the daily-level structure point and the hourly-level fifth-level fractal correction point are coincident.
If you want to participate in the transaction, it is more appropriate to do a profit-loss ratio instead of a trend.
1.In the one-hour chart, there is a five-fold fractal structure. If the hourly chart is used as a transaction, it is easy to be corrected back and forth to stop losses in the short term.
2.Now the daily-level structure begins to move down, and the daily-level structure point and the hourly-level fifth-level fractal correction point are coincident.
If you want to participate in the transaction, it is more appropriate to do a profit-loss ratio instead of a trend.
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