Gold 93-94 short, short-term still needs to be short
Gold, ending this week with five consecutive negative trends, formed a pattern of negative declines, basically at a perfect rhythm point, and continued to fall after the withdrawal, and this kind of trend requires more patience, and last week The integer level 1900 line has already broken, so this position is also an important long-short reference point position for us in the later stage. In terms of the previous performance, the probability of continuing to break the position is not good, and the current support below will also move down to around 70. The downward channel on the hourly line is flawless, the pattern of the daily line is weak, and a pattern of pressure has been formed, so gold will continue to be bearish on gold in the near future, and this kind of slow decline pattern, the acceleration in the later stage will definitely exist, and only the short energy will be released in an accelerated manner After that, there will be opportunities for bulls to reverse and reverse. At present, we are still operating around the idea of shorts. Next Monday, if gold is reversed first, it will continue to be short around 93-94. The target is around 82-75. Loss 00.5, if the European market is relatively strong, the position will be adjusted and out before the US market
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The simple ups and downs are temporary, what we have to do is to make profits in the constant fluctuations
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Today's price has fallen by more than ten dollars from the highest point to the lowest point. You can be optimistic about the price and short.
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Today's gold price is the same as I judged. Friends who shorted around 1893-1894 made profits again