In the intraday, we can see that the 2655 line has been verified many times last week. Every time the price comes here, it has fallen. If gold cannot break through here directly today, it will most likely fall again.
Now we can see that although the gold price has come here, it has encountered resistance again. In addition, the previous high point of 2665 will also play a suppressive role.
So here, in the absence of a very smooth breakthrough, there will definitely be a large number of profit-taking positions closed here, which is bound to lead to the strengthening of short-selling power.
Therefore, I think we can observe the resistance of the 2655-2665 range. Once it is blocked and falls, we can look for opportunities to sell at high levels.
Now we can see that although the gold price has come here, it has encountered resistance again. In addition, the previous high point of 2665 will also play a suppressive role.
So here, in the absence of a very smooth breakthrough, there will definitely be a large number of profit-taking positions closed here, which is bound to lead to the strengthening of short-selling power.
Therefore, I think we can observe the resistance of the 2655-2665 range. Once it is blocked and falls, we can look for opportunities to sell at high levels.
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📣More detailed real-time trading strategies will be released in the channel, welcome to join and get them
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.