The gold weekly level has formed a "big positive resistance line" pattern, and we are firmly bearish this week. Judging from the 30-minute chart, 2364 was blocked in early trading, and a downward trend has been formed here. In addition, if it is going to fall sharply, it will not give you an ideal short-selling opportunity. The decline may start in advance. If you are too entangled in the position, you will just stare blankly.
Therefore, in terms of operation, it is not recommended to make any long orders for gold this week. Focus on the two pressures of 2364 and 2378. It is recommended to actively place short orders. The lower target this week will be around 2300.
Hope you will like my analysis
Trade active:
The downward channel has been opened
Trade active:
Gold's decline is very stable
Trade active:
My analysis is correct, gold will soon reach 2350
Trade active:
The take profit position of 2350 is about to be reached
Trade active:
First win this week, congratulations everyone
Trade closed: target reached:
2350TP
Trade active:
Today I said that this week will mainly be down. Ladies and gentlemen, am I right?
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