Thursday: Gold continues bearish trend
Gold continues to fluctuate and adjust within a wide range. Technically, the gold price still maintained the 2016/46-week range operation, with repeated adjustments. The MA10/7 daily moving average moves downward and opens downward, and the RSI indicator still maintains the central axis adjustment. The price in the short-period four-hour chart is running in the middle and lower tracks of the Bollinger Bands, forming a weak shock to suppress the bearish movement of the 2040 central axis. For intraday trading today, we continue to follow the shock idea and participate in high altitude, low and long.
In a volatile market in a downward trend, a big slump can come at any time, so shorting on rallies is the best option. Big shorts have been basically confirmed, but the short-term decline is more difficult. Currently, longs and shorts are facing key support, and differences have intensified, making the game relatively fierce. The shock is only short-term, but the general direction of shorts will not change, and after the shock, there will definitely be a wave of decline. The overall operation idea during the day is mainly high-altitude, and the planned short-selling point above is at the 2040 line!
Gold is now in a short trend. The 4-hour mid-track has been able to suppress the rise of gold prices many times. Every rise can be blocked, and our short orders can also be harvested. The trend has not changed and following the trend is still my strategy. Empty near 2040 pressure.
In a volatile market in a downward trend, a big slump can come at any time, so shorting on rallies is the best option. Big shorts have been basically confirmed, but the short-term decline is more difficult. Currently, longs and shorts are facing key support, and differences have intensified, making the game relatively fierce. The shock is only short-term, but the general direction of shorts will not change, and after the shock, there will definitely be a wave of decline. The overall operation idea during the day is mainly high-altitude, and the planned short-selling point above is at the 2040 line!
Gold is now in a short trend. The 4-hour mid-track has been able to suppress the rise of gold prices many times. Every rise can be blocked, and our short orders can also be harvested. The trend has not changed and following the trend is still my strategy. Empty near 2040 pressure.
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