HanzhiWang
Long

short term profit

COMEX:GC1!   GOLD FUTURES
226 0 0
Sell stops kicked off and aggravated the drop today. That said, although there are macro pressures (economy back on track, gains in the dollar, fund managers reducing gold-related shares etc. etc.), technical selling accounts for the majority of the decline today.

And:
Chinese traders come in Monday and restock to take advantage of the drop
RSI dips below 30 and price recovered every time RSI came close to this range

Gold             will most likely end up somewhere lower but why not take a short term profit
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out