Gold broke down and fell, and 1938 empty orders were held

Gold 1960 was shorted yesterday and only plummeted by 20 US dollars, but I judge that the price of gold will continue to plummet, and all short orders will be harvested in early trading today. Now holding 1938 empty orders, positions and so on plummeted.



It has been repeatedly emphasized that the Fed's interest rate decision is an important window for market changes. As expected, it ushered in a break today, breaking a three-week shock trend. The last time the Federal Reserve decided on interest rates was May 4, and the price of gold changed from an upward trend to a downward trend. This time, the price of gold ushered in a downward trend.



In 1938, the front line supported the price of gold many times, and it will fall for a long time. This time it has come true. The gold price finally fell below the important support of 1938, and now it has become a pressure level. Today, a wave of rebound hit 1938 and was pressed. I judge that the US market is ushering in a waterfall, so just hold empty orders with peace of mind.

Trading strategy: gold 1938 empty, stop loss 1945, target 1915