Many people will definitely complain about me when they see this title: say 1900 if it falls. .
But I don't think there is a difference between long and short. During this period of time, gold has been oscillating above 1930 and 60. When the price of gold was at a high level around 1960, I also saw many people say that it was 2000. In fact, these are all personal wishful thinking. We've all been toyed with gold lately. Whether it can escape from the trend depends on its own mood.
Of course, the brothers saw me and said 1900 don't get too excited, I just want to take another look at the location.
Do the math yourself, today's opening price is around 1937, won't it be there if it falls by more than 30 US dollars? This request is really not too much for gold, but every time I approach 1930, I say this, the market still rebounds in the end, and I have to take the path of overweight and short selling, which is a bit embarrassing. In fact, the problem lies in the continuation of the decline. It is rare for gold to fall for two consecutive days. It usually lasts for one and a half days, and then rebounds the next day. This rule also made the person who took the order a lot of money.
Think about what was the point of breaking the deadlock yesterday? U.S. real estate data was bearish. To be honest, I have always scoffed at the impact of this data. It was not the subprime mortgage crisis that caused the housing bubble period. It has not had much impact on gold, but the data gap is too large. Quasi-inflation has been the Fed's biggest headache. Being too optimistic will only increase the pressure on the Fed to fight inflation, so that is why gold fell yesterday.
Since there are plans to look further towards 1900, it is natural to see whether gold will continue to fall.
Looking at the daily line, the next big market must be adjusted to point C, which is around 1810, that's right.
However, this requires a series of fluctuations. We are just getting started now. It has been almost a month since the entire wedge-shaped channel was sorted out. There are back and forth inside, but the high point has begun to gradually move down. Regardless of whether it was 1988 or the subsequent 1986, the last high point was 1968, which is also the highest point of the current decline.
Is there a broken position? Depending on which angle you look at it, if it is the horizontal line 1940, it must be broken, but if it is the bottom edge of the channel, it is still not good. Only when 1927 is really broken can it be considered broken, so the first target to look at today is 1927. Note that this can be used as a short-term short-term trading target. As for the downward swing, you may have seen the extended Fibonacci sequence in my pictures. 1909 and 1892 are the final intervals after today's market is enlarged.
You can ask me how to get involved. For this question, if you insist on looking at technical indicators, you can look at 1948, but obviously I don’t think the market will be given easily, so I can take the lead in entering the market around 1940 for the time being. This is a very valid support level, why not now as a signal of resistance? But if it goes up again in the future, wouldn’t it be enough if you add 48 to it? What we need is a test of 1900 points in this round of gold. Get ready, let's start together.
MGC1!
GOLD1!
XAUUSD1!
GOLDM1!
GC1!
Trade active:
There is no need to worry about gold adjustment
Trade active:
gold is falling
