Gold 2003 double top pressure, first fall and then rise

Gold, the highest last week was 2010, the lowest was 1934, and the weekly line recorded a negative K close near 1976!

Last Friday, the daily line made a double top in 2003 without breaking through the high pressure and retreated, and the remaining 2000 was short and small and 2001 was out. Of course, it was also reminded in the VIP that even if it broke 2000 at night, it would not be chasing higher. It may be a small break. Continue and then pull back, and finally pull back at midnight!

I didn’t participate last Friday night, but the author went online after 23:00 to check the market. At that time, gold retreated and broke 1990, so the rebound 1994 was empty, and it was just over the weekend. But to be honest, even last week 5. If you seized the highest point in 2003 and shorted, there is still a certain element of luck. There is a sequence in it. I may not understand a few words, but I know it well, so the shorting of the high point in 2003 is a gamble. It is only reasonable to rely on luck to really catch the short, and it must be a rebound after breaking through 1990 to choose an opportunity to come back in the short!

In today's market, 4H closed down continuously, and the rebound continued to be bearish. Below, focus on 1950-1930, the weekly level moving average is supported at the 1930 level.

Last Friday, the remaining 2,000 shorts suffered a small loss, and I did not participate in the event last Friday night. Although the author continued to short after 23:00, the time was too late, so the group did not give it! But the short-term target of 1975-1967 is in place today!



Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻

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