Short-term-trading

Gold 1985-40 regional shock, 1940 to see the rebound

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Gold 1940 to see a rebound

On Friday, we harvested all the short positions in gold, and the whole process was open to short positions. In 1982, 1977 and 1975, we held positions, increased positions and shorted positions. The big Yin line reached below 1955 as scheduled, and all short positions were realized.

It has been mentioned that there is a support level in the 1940 area, and the k-line is a wide range of shocks. From the 1985-40 area, the current k-line is located at the lower edge of the oscillating area, which is the position of the trough, and the bottom of the k-line is also a strong triple bottom.

At present, the k-line is around 1940 again. The moving average is a tool to describe the k-line, which means that they are mutually attractive. It is inevitable for the k-line to return to the moving average. The current k-line is far away from the moving average and must return. 1940 support to do more
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Comment:
Wait until around 1940 and we backhand and go long
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