Gold Price Tracking

Gold continued its downward trend, and the price trend was relatively smooth.

1.In the one-hour chart, there is a five-fold fractal structure. If the hourly chart is used as a transaction, it is easy to be corrected back and forth to stop losses in the short term.

2.Now the daily-level structure begins to move down, and the daily-level structure point and the hourly-level fifth-level fractal correction point are coincident.

If you want to participate in the transaction, it is more appropriate to do a profit-loss ratio instead of a trend.