Forecast for next week, gold 1970 is under pressure and continue
Gold has been basically oscillating recently, the oscillating area was between 1930-1970, and the K-line has not broken through this area. Even if the k-line once broke through the 1930 line on Thursday, it directly pulled up $30 on the Dayang line. This is obviously not going to go down, and at the same time, the upper shadow line continues to close around 1970, and the k-line is still in a downward channel as a whole, at least the high point continues to fall
On Friday night, it seemed that it was going to break through above 1970, but there was no strength, and it continued to suppress to around 1960. The bulldozer was directly crushed, and the k-line was directly crushed. The closing price was around 1957, on the upper edge of the descending channel. High altitude is inevitable, 1970 must be shorted under pressure
Operating strategy: Gold 1970 empty, stop loss 1980, target 1930
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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Looking forward to tomorrow's data
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I predicted on the weekend that gold would fall this week, and sure enough, gold started to fall
