Gold is currently maintained around 1985
There may be a trend of up first and down in gold here. The current hourly chart is very similar to the previous two waves.
It's all before reaching the bottom support, and then rebounding to the top again, and quickly bottoming out again.
Therefore, if gold continues to replicate the same trend as before, the highest can reach around 2002.
Then, in the next operation, I suggest to look up first, and the upper part of 1992 and 2002 will be the suppression point.
As long as the entity does not break the position in 2002, then there will be a bottoming trend for gold in the future.
XAUUSD
GOLD
There may be a trend of up first and down in gold here. The current hourly chart is very similar to the previous two waves.
It's all before reaching the bottom support, and then rebounding to the top again, and quickly bottoming out again.
Therefore, if gold continues to replicate the same trend as before, the highest can reach around 2002.
Then, in the next operation, I suggest to look up first, and the upper part of 1992 and 2002 will be the suppression point.
As long as the entity does not break the position in 2002, then there will be a bottoming trend for gold in the future.
XAUUSD
GOLD
Trade active
Comment:
Gold hit resistance in 1990, now in a period of volatility
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade active
Trade active
Trade active
Trade active
