Hello everyone, I am a senior gold analyst (trader) who is always confident and dedicated to fighting for you. As long as the market is not a straight line, I have the confidence to lead you to victory!
From the technical chart, the gold price has risen to the key pressure level of 2928. Yesterday, the gold price began to fall after touching 2928, and the resistance of the pressure level was obvious. Previously, gold was in an upward trend, but when it approached the 2928 pressure level, the K-line showed a long upper shadow line, which implied heavy selling pressure from above. Moreover, if combined with the moving average system, when the price rises to the vicinity of the pressure level, the short-term moving average fails to effectively cross the long-term moving average, forming a long arrangement, but instead shows signs of turning downward, which further indicates that the upward momentum is insufficient. Today, we should take the 2928 pressure level as a reference, decisively arrange short positions, and wait for the arrival of the gold price plunge. Gold 2925-2935 is directly short, and the target is 2918-2908.
Join my bottom article and make making money a matter of course! I want to help you with all my heart, but if you are not willing to extend your hand, how can I help you?
From the technical chart, the gold price has risen to the key pressure level of 2928. Yesterday, the gold price began to fall after touching 2928, and the resistance of the pressure level was obvious. Previously, gold was in an upward trend, but when it approached the 2928 pressure level, the K-line showed a long upper shadow line, which implied heavy selling pressure from above. Moreover, if combined with the moving average system, when the price rises to the vicinity of the pressure level, the short-term moving average fails to effectively cross the long-term moving average, forming a long arrangement, but instead shows signs of turning downward, which further indicates that the upward momentum is insufficient. Today, we should take the 2928 pressure level as a reference, decisively arrange short positions, and wait for the arrival of the gold price plunge. Gold 2925-2935 is directly short, and the target is 2918-2908.
Join my bottom article and make making money a matter of course! I want to help you with all my heart, but if you are not willing to extend your hand, how can I help you?
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Today we should take the 2928 pressure level as a reference, decisively arrange short positions, and wait for the arrival of the gold price crash. Gold 2925-2935 directly short, the target is 2918-2908.Trade closed: target reached
Gold prices are about to usher in huge trading opportunities
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.