Tuesday: Gold trend analysis, focusing on 2020~2040

Gold fluctuates widely and there is no unilateral long and short wash. Today's trading also needs to enlarge the amplitude range. The trading idea still remains high and low. The daily chart closes negative and suppresses 45/52 below the MA10/7 daily moving average. The short-cycle hour chart and four-hour chart The reference is of little significance. There are very few technical market components. For short-term charts, you can only look at the Bollinger Bands channel. The middle rail is suppressed by the 2042 line, the lower rail is by the 2020 line, and the upper rail by the 2052 line coincides with the MA10 daily moving average.

The unilateral downward trend of gold means that it is short when it rises. Although the price of gold rebounded by 15 US dollars in the evening, it still cannot change the unilateral downward trend. Today, it continues to be short under the pressure of 2040. As can be seen from the hourly chart, the price of gold continues to decline, and rebounded strongly yesterday, but it is still subject to the 2040 pressure level, so it continues to be short today.

It used to run above 2040, but now it has been running below the 2040 pressure level. Before there is an effective breakthrough of 2040, the short position will be carried out to the end. The market is changing, and you can definitely use the same methods to win the changing market.

Pay attention to the 2019-2022 support below
Focus on 2040 resistance above

Trade active:

It is difficult for gold to have major fluctuations today

Trade active:

XAUUSD SELL:2030~2031
❌sl:2034
✅tp1:2026
✅tp2:2020

Comment:

The decline did not continue, TP2027 around, no longer held;+30pips