Gold is short at 48-49, expected to correct during retracement

2023年8月31日

Everyone will inevitably suffer some grievances, and no one can hold his head high forever. The road of life is not easy to walk, bow your head when you should bow your head, and make concessions when you should make concessions. Only by being able to bend and stretch can one's heart be tough enough. Only by being able to endure grievances can one become a master and truly defend one's dignity. If it explodes at one point like a firecracker, it's not protecting your self-esteem, but lowering your self-esteem!
Gold, the U.S. market has once again broken through, currently reaching a maximum of around 48. In the short term, this week will also usher in three consecutive positives, so this action is likely to be an unjust move, and the pressure from above will also It’s coming soon, and the current suppression level of gold remains at the 50 line. This position is also an important suppression level in the near future. It is very likely to break through in the evening, but the probability of breakthrough is not high. We still need to continue in the evening Bearish on gold, we are facing the first wave of retracement since the counterattack, and the support below will also remain at the 20 line. This position is also the limit of the retracement of this wave of short patterns. Once it continues to break down, it will be very likely. The possible reversal of the short position will also end the upward willingness of the bulls. At present, the daily line is above the moving average system, and the upper pressure of the weekly line is maintained at the mid-track position. This position is probably around 55, and in the evening For gold, let’s go short around 48-49 first, and the target is around 35-25, with a loss of 55.5. If you stand above 50 for a long time, you can consider adjusting your position and getting out.