Brothers who are short at low positions don't worry.
Gold, the U.S. market bottomed out and rebounded last Friday, which can be regarded as a sharp counterattack after the bears fell continuously, and the highest touched around 1984 again. The daily line also formed a single positive correction pattern, but it did not break through the short-term moving average.
And the opening of the market on Monday is also very likely to be mixed with the shock of the short-term moving average. The continuous decline and breakout in the early stage, and the continuous breakthrough of key supports, so we still need to identify the short trend before the bulls have an effective breakthrough in the later stage. No change, the short-term counter-drawing is only a correction. If this is true, the first target of the later decline is also the 1930 line we pointed out earlier. Once this position is reached, long and short positions are likely to form. It fluctuates for a certain period of time, and the current price of gold is maintained at around 1975, and the high point of Friday’s retracement is maintained at the 1984 line. This position is also the point where gold will be shorted next Monday, and the primary support below is still maintained at the second start The point rises to 1970, and at the same time, the negative line of the week line ends, and the moving average system is suppressed, so we still need to maintain the short-selling thinking and operate. On Monday, gold will first reverse and see short selling around 1983-1984. The target is around 1970-1960, and the stop loss is 1990.5
And the opening of the market on Monday is also very likely to be mixed with the shock of the short-term moving average. The continuous decline and breakout in the early stage, and the continuous breakthrough of key supports, so we still need to identify the short trend before the bulls have an effective breakthrough in the later stage. No change, the short-term counter-drawing is only a correction. If this is true, the first target of the later decline is also the 1930 line we pointed out earlier. Once this position is reached, long and short positions are likely to form. It fluctuates for a certain period of time, and the current price of gold is maintained at around 1975, and the high point of Friday’s retracement is maintained at the 1984 line. This position is also the point where gold will be shorted next Monday, and the primary support below is still maintained at the second start The point rises to 1970, and at the same time, the negative line of the week line ends, and the moving average system is suppressed, so we still need to maintain the short-selling thinking and operate. On Monday, gold will first reverse and see short selling around 1983-1984. The target is around 1970-1960, and the stop loss is 1990.5
Trade active:
Adjust your mentality and prepare to enter the market on Monday, and victory will eventually belong to us! ! !