XAUUSD: Gold peaked in the short term, Sell near 2378
Gold ultimately failed to break through to a new high last night and was still hindered by the resistance of the 2400 mark. After yesterday's pullback, the strength of the gold bulls was severely damaged. Therefore, today's strategy is mainly to focus on the high Sell. Now gold has reached the short-term resistance level of 2378, here Can sell.
technical analysis:
Judging from the 30-minute moving average of gold, a dead cross pattern has been formed, gold’s downward space has been opened, and judging from the shape of the K-line, a head and shoulders top structure has been formed, which is a bearish signal.
Since many aspects are showing bearish signals, I will sell at the current price here.
technical analysis:
Judging from the 30-minute moving average of gold, a dead cross pattern has been formed, gold’s downward space has been opened, and judging from the shape of the K-line, a head and shoulders top structure has been formed, which is a bearish signal.
Since many aspects are showing bearish signals, I will sell at the current price here.
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