The trend of gold on Wednesday is a reconfirmation of recent weakness, after rebounding to 1985 weakness, the trend out of the big fall, this wave of bearish strength made Wednesday's daily line close negative, and engulfed Tuesday's daily low crosshair, which shows that gold is still bearish in the near future, and the future can welcome the real big short. The plate shows that the daily test 1985 is suppressed below the 5-day moving average, the lower Bollinger band has been opened, this state is likely to form a daily unilateral trend, if you can break the trend point 1935, then, gold will have a plummeting short performance, so we must pay attention to the long order to stay in the near future. H4 cycle is also the weakness in the high volatility, the obvious continuous decline suppressed the strength of the rebound, the current K line closed below the Bollinger middle band, today to continue the weak slow fall, below only the previous support point 1952, after the fall can be seen gold trend point 1935, therefore, Wednesday gold main trading continued to rebound short. In terms of details, it should be noted that gold on Wednesday fell to 1956 after a wave of rebound, the highest around 1965, indicating that this point has a strong suppression, although today bearish, but can not chase short, to suppress the point short, look at the downside, you need to pay attention to the gains and losses of 1935 points.
Today's trading advice
gold:sell@1965 tp:1958-1952
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Comment:
The market is generated while waiting
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TP
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The market went as I expected
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The market will be repeated
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Wait for Monday