Obviously, gold is currently fluctuating downward, and in the short term, there is a certain support in the 3340-3330 area, so gold will not fall below this support area in one fell swoop, and it is still possible to rebound to the 3360-3370 area with the support of this area. If gold encounters resistance and retreats again after touching the 3360-3370 area, if there is no major good news, gold is likely to fall below the 3340-3330 area. After gold falls below this support area, the 3300 and 3280 areas are foreseeable.
So according to the above logic, I still hold a long position executed near 3345, and I am very much looking forward to gold reaching the 3360-3365 area;
If gold continues to rebound to the 3365-3375 area, I will try to short gold again; and look forward to the accelerated downward movement of gold!
The above is a preview of the performance of gold. There may be some deviations in the specific execution of transactions, because in short-term transactions, it is necessary to judge the true breakthrough and false breakthrough in advance, but I will still roughly follow the above preview process to execute the transaction! I also hope that this can provide some reference for everyone!
So according to the above logic, I still hold a long position executed near 3345, and I am very much looking forward to gold reaching the 3360-3365 area;
If gold continues to rebound to the 3365-3375 area, I will try to short gold again; and look forward to the accelerated downward movement of gold!
The above is a preview of the performance of gold. There may be some deviations in the specific execution of transactions, because in short-term transactions, it is necessary to judge the true breakthrough and false breakthrough in advance, but I will still roughly follow the above preview process to execute the transaction! I also hope that this can provide some reference for everyone!
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Although at a small level, gold still has the possibility of rebounding, but the heavy resistance will limit the rebound space; and from the daily and weekly levels, the decline of gold is obviously not over. At least gold will definitely touch the 3330-3320 area. Once gold falls below this area, gold will continue to fall to 3300 or even 3280. Therefore, the main trading rhythm in the future will still be to short gold. First, pay attention to the resistance in the 3360-3370 area above!
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Related publications
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.