From the hourly chart we can see:
It can be seen that the upper suppression line of this trend in the hourly chart is here in 2012-15, which is also the current high point of gold.
Although I can't guarantee that gold will not break through here, but if gold breaks through here until 2020, I will still choose to go short.
Because around 2012 is the 382 position of this trend, and 2020 is the 50% position.
All of them can be shorted with reasonable evidence.
Therefore, those who are aggressive in the next operation can directly enter the market to short around 2012, and those who are stable can wait for 2020 before entering the market to short.
The target below is first looking at around 1985 today, followed by 1965-55.
XAUUSD:@2012 Sell @2020 plus sell
TP1:1985
TP2:1965
TP3:1955
It can be seen that the upper suppression line of this trend in the hourly chart is here in 2012-15, which is also the current high point of gold.
Although I can't guarantee that gold will not break through here, but if gold breaks through here until 2020, I will still choose to go short.
Because around 2012 is the 382 position of this trend, and 2020 is the 50% position.
All of them can be shorted with reasonable evidence.
Therefore, those who are aggressive in the next operation can directly enter the market to short around 2012, and those who are stable can wait for 2020 before entering the market to short.
The target below is first looking at around 1985 today, followed by 1965-55.
XAUUSD:@2012 Sell @2020 plus sell
TP1:1985
TP2:1965
TP3:1955
Trade closed: target reached:
