Gold was boosted by safe-haven demand. It broke through the 2000 mark to around 2003 in the intraday session.
Although gold bottomed out and rebounded yesterday, we can see that in terms of the trend, it is just back up again, and there is no change in the trend.
Many people have another misconception, thinking that a sharp rise is about to catch up, and the top is about to break.
I don't think so. On the contrary, I think the probability of continuing is very high.
Judging from the daily chart and 4-hour graph, the 2000 mark is still suppressed by the moving average, so as long as it does not stand above the 2000 mark, I think gold is still short.
From the hourly chart
The top is currently being suppressed, and the current trend is very similar to the previous wave. They are all rectified at the 2000 mark, and then choose to dive down.
So if we still can't stand at 2000 this time, we can rely on the 2000 mark to sell short.
If the lower target breaks 92, first look at 1985. If it falls below 1985, there is a high probability that you can see 1965-55.
If you agree with my strategy, remember to like it, more precise strategies can find me
GOLD
XAUUSD
MGC1!
GC1!
Although gold bottomed out and rebounded yesterday, we can see that in terms of the trend, it is just back up again, and there is no change in the trend.
Many people have another misconception, thinking that a sharp rise is about to catch up, and the top is about to break.
I don't think so. On the contrary, I think the probability of continuing is very high.
Judging from the daily chart and 4-hour graph, the 2000 mark is still suppressed by the moving average, so as long as it does not stand above the 2000 mark, I think gold is still short.
From the hourly chart
The top is currently being suppressed, and the current trend is very similar to the previous wave. They are all rectified at the 2000 mark, and then choose to dive down.
So if we still can't stand at 2000 this time, we can rely on the 2000 mark to sell short.
If the lower target breaks 92, first look at 1985. If it falls below 1985, there is a high probability that you can see 1965-55.
If you agree with my strategy, remember to like it, more precise strategies can find me
GOLD
XAUUSD
MGC1!
GC1!
Comment:
We can see that when it fell to 1992, it quickly rebounded to 2000, which shows that 1992 still has support. Then if you trade short-term, you can sell it in 2000, tp1993
Comment:
TP1
Comment:
Arrived at 1985, congratulations to the friends who followed, short-term traders can choose to leave the market with a profit, and there is still room for decline in the middle line
