Is There Hope for Gold Bulls?
The dollar continues to strengthen
Gold falls without any suspense, and short positions continue
The U.S. dollar’s big cycle bullish pattern continues
Establishing the medium-term downward pattern of gold
Gold fell all the way after falling back to 1947 this round
Gold (XAUUSD):
Judging from the 1-hour cycle trend structure of gold, the price of gold fluctuated downwards from a high point near 1947.0, reaching a minimum of around 1900.0. The price continued to decline under the pressure of selling, and short sellers had full momentum. On the moving average system, the short-term 20 moving average is lower than the long-term 60 moving average, and both heads turn downward, forming a short position, indicating that the current market is in a strong decline. During the Asian market, the price remained volatile near the overnight closing price and did not change the short-term weak trend. Try the idea of shorting on rallies during the day. You can wait until the gold price rebounds to the moving average pressure level of 1905.0 before trying to short
Gold falls without any suspense, and short positions continue
The U.S. dollar’s big cycle bullish pattern continues
Establishing the medium-term downward pattern of gold
Gold fell all the way after falling back to 1947 this round
Gold (XAUUSD):
Judging from the 1-hour cycle trend structure of gold, the price of gold fluctuated downwards from a high point near 1947.0, reaching a minimum of around 1900.0. The price continued to decline under the pressure of selling, and short sellers had full momentum. On the moving average system, the short-term 20 moving average is lower than the long-term 60 moving average, and both heads turn downward, forming a short position, indicating that the current market is in a strong decline. During the Asian market, the price remained volatile near the overnight closing price and did not change the short-term weak trend. Try the idea of shorting on rallies during the day. You can wait until the gold price rebounds to the moving average pressure level of 1905.0 before trying to short
Operación activa:
The current market is still declining. It is recommended that you do not enter the market first and wait for the rebound to near 1905. You can choose to enter the market short.
Operación activa:
Gold is still on a downward trend. It is not recommended for bulls to enter the market and continue to wait.
Operación activa:
Gold currently remains at 1885 and cannot break through. We should change our thinking and short gold with a target of 1880
Operación activa:
We have now reached our profit-taking position, now we are going to do scalping trading and enter the market with long orders. TP1985