Thursday: Gold remains under pressure to fall
Gold has fallen below the 2050 long-short watershed and started a downward trend. Relying on the rebound pressure of yesterday's US market, gold will continue to be short and bearish at the 2048 position. The target below will focus on the support of 2030!
Looking at the golden hour chart, the downward trend has begun, and the second period of decline is very strong, and the decline will continue! However, after the sharp drop, the market is also expected to fluctuate and adjust, so today's Asian and European market will most likely fluctuate within the range of 2048-30, and then start a new band of decline after the shock ends!
The rebound relied on pressure to short gold. After breaking the level, 2050 became the key resistance for this rebound. As long as the rebound encounters resistance today, this pressure position will continue to be short!
suggestion:
2030-2033 long
2048-2050 short
Looking at the golden hour chart, the downward trend has begun, and the second period of decline is very strong, and the decline will continue! However, after the sharp drop, the market is also expected to fluctuate and adjust, so today's Asian and European market will most likely fluctuate within the range of 2048-30, and then start a new band of decline after the shock ends!
The rebound relied on pressure to short gold. After breaking the level, 2050 became the key resistance for this rebound. As long as the rebound encounters resistance today, this pressure position will continue to be short!
suggestion:
2030-2033 long
2048-2050 short
Trade active:
XAUUSD SELL:2048-2049
❌sl:2056
✅tp1:2041
✅tp2:2037
❌sl:2056
✅tp1:2041
✅tp2:2037
Trade active:
There will be economic data later, protect profits, close it
Trade active:
Profits are increasing
Trade active
Trade active:
It’s not above 2050, so I’m still bearish in the short term.
Trade active
Trade active:
Be cautious in trading before NFP release
