Gold fell below the weak support, rebounded after reaching the support around 1969, and fell back under pressure around 1978. At present, the weak support from 1975-1971 has turned into resistance.
sell: 1971-1978
tp: 1963-1959
sl: 1981
buy:1959-1963
tp:1968-1971
sl:1954
1978 strong resistance, short near 1971, weak support 1969-1966, strong support around 1963-1959, short orders take profit in this range
Fall below 1959, look at the 1950-1945 range
Trade active:
It instantly fell to the target position
Comment:
When 1959 fell below, it is no longer suitable to go long, we continue to short now, the target is 1950-1945
Comment:
During the decline, we need to pay attention to the resistance of 1959-1966 and the support near 1954
Comment:
It came around 1955 support, but the support is not strong, I think it will break, we can wait around 1950
Trade active:
After gold fell to around 1950, it began to look for support and rebound, and the resistance level focused on around 1959-1963
Trade active:
Hit the 1945 take profit level
Comment:
There is a slight rebound at present, but the conditions for long gold are not sufficient, so we will not trade for the time being. If you want to trade, try to do short trades. Target 1945-1940, 1935
