Richard-Wagner

Will Gold Continue to Fall?

Short
Richard-Wagner Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold, the bears made another effort yesterday and broke through the previous support line 20. This action also fully demonstrated the short-term short-term downward demand. The daily line continued to close at the negative line, and the moving average system was suppressed. This is a relatively obvious short-selling signal. Then in the short term, we still need to maintain a short-term thinking to operate, and the first target below is maintained around 1905-1900. Once it reaches this range, there is likely to be a wave of small corrections. But the strength should not be strong, and the current pressure on gold is to maintain the top-to-bottom conversion position. At the same time, yesterday's anti-drawing high around 1927 can also be used as a key reference position for the day. The range of retracement should not be very large, because if the range is too large, it is likely to lose the motivation to continue to fall. In the short term, we still wait for the shorts to retrace and continue to short sell:1922-1924 TP:1910-1905
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Gold fluctuations will follow my judgment
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The price of gold is rising, but the range will not be too large, and it will fall when it reaches the critical point
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As I said above, I am also implementing my strategy, go long at the low level, and wait until the critical point to go short
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At present, the ups and downs are relatively stable, and you can wait and see the right point
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Gold is trending up towards my forecast. It has reached 1920 points, which is in line with my first round prediction
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The price of gold began to fluctuate greatly
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The price of gold is recommended to start shorting at 1922 points
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I expect to take profit in 1910. But the data release is good for gold, so I am ready to close the order around 1918
Trade closed: target reached:
tp1916
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The trend is completely under my control, I hope everyone can continue to implement my strategy instead of blindly gambling during the oscillation period
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TP
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