ActuaryJ

Follow me: short gold at 50-54, long at gold 30-33

TVC:GOLD   CFDs on Gold (US$ / OZ)
The golden hourly line fell in a row, which was stronger than expected, and the 1950 mark was not held

It is recommended to go long when it hits the low of 1930. In the short term, look at 1950 and then go short. This drop is still used as a fund wash

First of all, the sideways volatility formed since the anti-drawing this week did not continue the breakthrough of the bulls, but continued to retreat after piercing the high point yesterday. This also probably shows that the era of short selling has come again. Breaking is also a way to wash the market, and the key support below will continue to be maintained at the 30-line. This position is also the low point in the previous period. Although the bears have touched it many times, they still have not achieved the effect of breaking the position.
Then this drop is very likely to form a breakthrough effect again, and we still need to wait for a small back-drawing of gold within the day to make a layout, while the upper pressure is maintained at the 55 line, but there is a high probability that it will not continue to be in place

Then we wait patiently for the anti-drawing to see shorting around 50-54, and the target is long around 35-33. The short-term strategy is recommended to follow the latest signal


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