Will gold continue to fall?关于OANDA:XAUUSD由Trading-Sta提供

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The trend of gold today is basically the same as what we said yesterday. After the US market fell below the 2000 mark yesterday, gold continued to trade at a low level. 1978

Yesterday, the highest price of gold started to drop from around 2018. Prior to this, the price continued to narrow and fluctuate, rising and falling, bottoming out and rising back and forth. It continued to move sideways at low levels. During the European session, it directly broke through the range of Monday’s shock, and the lowest was around 2002. It rose, and then remained in the 2002-2010 range until the evening data period. It was not until the end of the day that the Fed officials continued to hawk, which boosted the US index. As we said yesterday, gold will continue after falling below 2000. Downtrend, the intraday lowest fell to the 1985 line, so we look for support breaks down, our current key is the choice of short positions

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At the opening of the market today, gold remained low and sideways. The highest price of gold rebounded to $1,993, and the lowest fell to $1,982, remaining under pressure. From the perspective of the specific trend, the support of gold near the integer mark of 2,000 US dollars is obviously a key price position. During the process of pressure, the gold price tried to stabilize and rebound here many times, but none of them broke through the suppression of the downward trend line. Under continuous testing, the resistance of many parties continued to weaken, and finally fell below the support near $2,000.

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