Every time gold goes up weakly, it keeps hitting new lows, and the 30-minute moving average of gold enters a dead space. The 30-minute rebound of gold showed signs of a short-term head-and-shoulders top, and then the rebound no longer went up, but directly fell back down, and 1950 was directly short.
But in any case, if the price of gold breaks through the midline of the daily line, it will break if it breaks. If the breakthrough fails, the midline of the daily line will still put greater pressure on the price of gold. However, the price of gold was still below the trend line for 1 hour and failed to break through the pressure of the trend line many times. The long-short watershed on the 1952 line is also very effective and cannot be effectively broken through. Therefore, continue to hold the 1950 short order and continue to watch the shock range.
In the market, risk control is important, but only key points can guide the direction of market operation. Only by breaking through 1952 can the rhythm of market operation be effectively changed. If it does not break, even if it is only a short point, it is the basis for market risk control. The main point is also the line of defense of market psychology! So, just stick to the bearish position below it.
The market changes rapidly. Don't want to go long, don't want to go short, change as you go. If it does not rise, you can go short.
Gold 1950 empty, stop loss 1958, target 1940-1935;
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
