Wednesday: Gold focuses on the 2020~2040 range
Gold is still dominated by short sellers, with the daily chart closing in the positive zone, the MA10/7 daily moving average suppressing the MA2038/47 opening downward, and the central axis of the RSI indicator adjusted. The short-period hourly chart and the four-hour moving average are glued together, and the price is running in the middle and lower rails of the Bollinger Bands. Technically, gold continues to adjust and fluctuate and runs bearish. However, market data gradually emerges in the second half of the week and needs to be focused on. We will continue to pay attention to the 2040/2020 range adjustment during today's trading day. Trading ideas still look at shocks and short-term participation!
To be honest, the shock yesterday was really severe. If you are not calm, you may run away early and miss the drop of more than ten dollars. Only persistence is victory. No matter how the gold price fluctuated, it failed to rise above the suppression of the 4-hour 20 moving average. Today, we continue to short gold relying on moving average suppression.
Trading straregy:
Short-term gold 2017-2019 long
Short-term gold 2038-2040 short
To be honest, the shock yesterday was really severe. If you are not calm, you may run away early and miss the drop of more than ten dollars. Only persistence is victory. No matter how the gold price fluctuated, it failed to rise above the suppression of the 4-hour 20 moving average. Today, we continue to short gold relying on moving average suppression.
Trading straregy:
Short-term gold 2017-2019 long
Short-term gold 2038-2040 short
Trade active
Trade active
