Short-term-king

Will gold eventually fall to 1936?

Short-term-king Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Recently, gold has shown a volatile market in the range. After the rebound, the upward trend is under pressure simultaneously. While the rally is slow, it is accompanied by a decline, and the intensity of the second retracement has not been opened. After each decline, it seems that it is about to fall and break the level, but it always succeeds in a V-shaped reversal at the low level.

Gold's single-day volatility has gradually increased, and after a short-term surge or plunge, the continuity is not strong, and it is likely to come out of a V-shaped reversal market. Therefore, in this extreme market, I have reminded everyone not to easily chase up or short in operation, otherwise it will be easy to be swept back and forth.This undoubtedly increases the difficulty for us in short-term gold trading, so we must set the pace in trading.

Regarding the current gold market, a new volatility range has been formed in a short period of time. Before the direction of gold is chosen, I think gold will continue to fluctuate within the range. Once the long and short direction is determined on the fundamentals, gold may have a trend behavior.Judging from the current market situation, gold is still running short, and only when there is a complete stop-fall signal can there be a continued upward trend.

Then in the short-term operation, first observe the defensive situation of the 1980 first line below, and it is best to choose to sell gold after the gold rebounds; during the period, you can buy gold in small batches at strong support levels in a timely manner.

For the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it is a friend whose trading order is blocked or a friend who has recently lost money in a row, you can enter my channel through the link below.I have the real strength to help you solve the problem or satisfy your desire to make money. Welcome everyone to visit the channel!
Trade active:
Gold as a whole is still relatively weak, but it is still possible to buy gold based on strong support in the short term. The gold we bought in 1982 has already left the market profitably in 1990.
Comment:
Trade active:

At present, gold is trading near 1987. Gold is not in a hurry to enter the market at this position. First observe the breakthrough situation of 1990 above and the defensive situation of 1980 below. Otherwise, entering the market in the middle position, trading orders can easily be swept back and forth.
Trade active:
After a sharp decline in gold, it has rebounded rapidly. Have you grasped the gold market?
Trade active:
Gold surged higher and fell back as expected, and once again fell below 1980, opening up the space below, so the next operation of gold is very clear, do you know how to trade gold next?
Trade active:

After gold fell below 1980, it could not recover in time, and the space below opened up, so gold may continue to run downward in the future.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.