Judging from the 4-hour chart: Gold is currently at risk of a correction. The trend line of the 4-hour chart shows that gold is showing a downward correction trend.
Moreover, the current trend line of the 4-hour chart is currently falling step by step, which means that the high point of gold will only get lower and lower.
We use 123 to find 4 to judge. You can see that I also drew it in the picture.
If 1997 is regarded as point a, then today's low of 1965 is point b, then today's rebound high near 1982 is point c.
Then point d may appear near 1950.
So at present, I suggest that you should not chase gold. Instead, you should open a short gold position from 1978-82.
The lowest target below can be seen to be around 1950, and the stop loss does not need to be large, just above 1985.
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Gold is slowly falling. Currently down to 1966. Our short order above 1978 made money.
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Gold is currently testing 1965 support.
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Currently patiently waiting for the decline
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It has now fallen to 1953. It is very close to the 1950 price I gave. Once again we made huge profits
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Next, pay attention to the trend of the US gold market.
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If the gold resistance level of 1972 has not been breached, you can continue to short
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Gold could continue to sell in 1970-1972. tp1955-1950.sl1978
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US White House: President Joe Biden spoke with Saudi Crown Prince Mohammed bin Salman on Tuesday.
US White House: President Joe Biden and the Saudi Crown Prince discussed ongoing diplomatic and military efforts to prevent the expansion of the Israel-Hamas conflict, and both sides agreed to maintain close coordination directly or through teams in the coming period.
US White House: President Joe Biden and the Saudi Crown Prince discussed ongoing diplomatic and military efforts to prevent the expansion of the Israel-Hamas conflict, and both sides agreed to maintain close coordination directly or through teams in the coming period.
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When trading gold right now, you need to pay attention to war dynamics.
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If you want more trading ideas and news. You can pay attention to my bottom area to get trading signals as soon as possible.
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If you want more trading ideas and news. You can pay attention to my bottom area to get trading signals as soon as possible
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If you want more trading ideas and news. You can pay attention to my bottom area to get trading signals as soon as possible...
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Gold continues to fall slowly. Wait patiently
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The current resistance for gold is at 1983
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Gold is doing exactly what I said it would do right now..
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Wait patiently