Yesterday, gold broke the important support of 1938, but the gold price reversed on the spot, and it is really awesome to be able to backhand at 194, because many analysts dare not, have no courage, and do not know enough about the market. 1938 is an important long-short watershed. Below it is the sell-off. At the moment of the breakthrough, it is necessary to judge whether it is a reversal. It is a fact that the line will be closed in one hour to judge the big hammer line. In 1945, there are more backhands, and now it has skyrocketed to 1960. profit. Today's Friday market will continue yesterday's rally. Today's target is 1980, and 1950 will be a public reminder to do more.
This time the gold wash was very thorough. The false breakthrough in 1938 was the corresponding level of pressure in 1970 and 1980. If the gold price breaks a new low, it will surely break a new high.
Gold is still in the standard triangle shape. When it touches the support below the triangle and superimposes the false breakthrough of 1938, the speed of gold change is a bit fast. Only we have a vicious vision and can see through it at a glance.
Trading strategy: go long at the current price of gold, stop loss at 1952, target 1970-1980
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
GC1!
GOLD1!
GOLDM1!
