Gold will continue to see shocks and declines next week
https://www.tradingview.com/x/OMQRaKtL/
Accurately reaching the top this Friday, the short position won a big victory. I believe all the friends who follow me can see that under the influence of the high pressure of 1948 and the non-agricultural market sentiment, the short position did not fall into place, so we will continue to maintain the short-term thinking next week. If the high altitude remains unchanged, you can go short directly if the price rebounds to 1945-1948! The goal is to look at the support of the 1927 trend line!
Technical indicator analysis shows that the moving average has formed a dead cross, and the price has fallen below the support of the moving average and is running below the moving average. This will be a key basis for the bearish market outlook. Although the overall trend is still long, the continuous rise has made the bulls extremely Tired, the market will not go straight, let alone a straight line, so adjustments are inevitable. After the rebound, go short again. When the price sees the support near 1927, then follow the direction of the general trend and go long backhand!
Trading strategy: Gold 1945-1948 short, stop loss 1953, target 1927
Don't hesitate brother
Accurately reaching the top this Friday, the short position won a big victory. I believe all the friends who follow me can see that under the influence of the high pressure of 1948 and the non-agricultural market sentiment, the short position did not fall into place, so we will continue to maintain the short-term thinking next week. If the high altitude remains unchanged, you can go short directly if the price rebounds to 1945-1948! The goal is to look at the support of the 1927 trend line!
Technical indicator analysis shows that the moving average has formed a dead cross, and the price has fallen below the support of the moving average and is running below the moving average. This will be a key basis for the bearish market outlook. Although the overall trend is still long, the continuous rise has made the bulls extremely Tired, the market will not go straight, let alone a straight line, so adjustments are inevitable. After the rebound, go short again. When the price sees the support near 1927, then follow the direction of the general trend and go long backhand!
Trading strategy: Gold 1945-1948 short, stop loss 1953, target 1927
Don't hesitate brother
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