Gold 2038 encounters obstacles again and continues to sell
Judging from the current daily level, the short-term trend is still bearish, and the upper part is obviously suppressed by the downward trend line! Yesterday's trend closed negative and fell below the previous day's K-line! In the one-hour trend, the price of gold also showed a volatile downward trend. The theme of the day is still shorting. It will rebound to the inflection point pressure level near 2038 before continuing to short!
The gold price reversed twice yesterday and reached the pressure level near 2029, but it was unable to break through and stabilize. Both times it reached the price ended in decline! The current one-hour chart continues to maintain a weak and volatile pattern, with the highs moving downwards and the lows also constantly setting new lows. From a technical perspective, the trend is still bearish. Considering that there is no stimulation from major news, the operation needs to Use the idea of a shock and decline to treat it, wait for the counter-draw to reach around 2038 during the day and continue to short, the target below will continue to look towards 2020!
Trading strategy: Gold 2038Sel, stop loss 2045, target 2020
The gold price reversed twice yesterday and reached the pressure level near 2029, but it was unable to break through and stabilize. Both times it reached the price ended in decline! The current one-hour chart continues to maintain a weak and volatile pattern, with the highs moving downwards and the lows also constantly setting new lows. From a technical perspective, the trend is still bearish. Considering that there is no stimulation from major news, the operation needs to Use the idea of a shock and decline to treat it, wait for the counter-draw to reach around 2038 during the day and continue to short, the target below will continue to look towards 2020!
Trading strategy: Gold 2038Sel, stop loss 2045, target 2020
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