Last Friday, gold rebounded, broke through 1923, rose to 1937 resistance and then fell back. In the process of backtesting support, it directly fell below 1928-1923 and reached our target of 1918.
Over the weekend, the Wagner incident broke out, and the risk aversion sentiment made gold open higher today, recovering 1928 again.
Observing the 1h chart, it has signs of trying the resistance of 1937-1939 again, but only when the support of 1928 is effective, it has a chance. If it falls below 1928-1923 again, then it will be more difficult to go up to 1937 . The bears will attack again!
Trade active:
transaction in progress
Trade active:
Today's first transaction completed take profit in 1923
Trade active:
It is now in the range of 1923-1928. It can be seen from the current trend that the resistance of 1928 is relatively strong. When it falls below 1923 again, there is a great chance to go to 1912
