On Monday, gold slowly rose to 1978 on the support of 1970. It did not meet expectations, and there was no room for a second rise. In the end, the daily line closed in the negative. Then, on Tuesday, it should be noted that gold fell from 2050 to 1952 in the early stage. This wave of close to 100 US dollars will continue at the end of May or early June. In the future, the gold market will still be short in the medium term. The following needs to pay attention to the key point of the trend during the year, 1935 gains and losses, if it breaks through 1935, gold will start this year's big short.For the intraday market, the daily line closed negative on Monday. Then, the space and strength of the rebound from 1952 to 1985 last Friday can no longer emphasize continuity. Therefore, intraday gold tends to be weak. Today, the low of 1952 may be tested again. The H4 cycle fell back from the high of 1985. The shock on Monday directly broke the Bollinger band middle track and also broke through the 5- and 10-day moving average support. Therefore, intraday gold may have to go to the lower support point of the H4 cycle 1952. As for whether it can break the level, it is up to the US market to see the market. Effect, after breaking through, the H4 Bollinger Band will open, and gold will continue to fall sharply in the early stage, reaching a low of 1935.In a small cycle, a double top is formed in 1978, then the weekly rebound is strongly pressed at 1978, and the upper pressure is maintained at 1978 and 1970. The rebound is mainly short-selling, and the cycle is determined to be weak, and the bottom is gradually looking at the low points of 1952 and 1935.
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gold:sell@1962-1966 tp:1957-1953
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Comment:
Same as I thought
Comment:
Downtrend