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Views on the future trend of gold!
Gold fell back quickly at the opening, then rebounded slightly, and has been moving sideways. Shadows appeared in the past three trading days last week, suggesting that there is a large difference between bulls and bears in the current price, and no decisive breakthrough can be achieved in the short term. Due to the recent obvious volatility, there is still uncertainty as to whether the direction will be quickly chosen. Therefore, trend trading may require patience to wait for the market to make its own decision, and it is easier to be fooled by chasing ups and downs during the trading session.
For the layout of this trading day, we still adhere to our expectation of a short fall in the general direction, and the idea of shorting in the band remains unchanged. Short-term bulls resisted stubbornly, and the decline was reversed by bulls, but the general trend has been established, and the rebound does not hinder the final decline expectation. In the short term, we can also maintain the high-altitude idea to start, and focus on the 3230 suppression to enter the market in the evening. The bearish trend remains unchanged today!
Gold: 3240 band shorts can be freely held or closed, with a target of 3165-70! For long positions, pay attention to the support near 3160 below and then consider whether to intervene!
Views on the future trend of gold!
Gold fell back quickly at the opening, then rebounded slightly, and has been moving sideways. Shadows appeared in the past three trading days last week, suggesting that there is a large difference between bulls and bears in the current price, and no decisive breakthrough can be achieved in the short term. Due to the recent obvious volatility, there is still uncertainty as to whether the direction will be quickly chosen. Therefore, trend trading may require patience to wait for the market to make its own decision, and it is easier to be fooled by chasing ups and downs during the trading session.
For the layout of this trading day, we still adhere to our expectation of a short fall in the general direction, and the idea of shorting in the band remains unchanged. Short-term bulls resisted stubbornly, and the decline was reversed by bulls, but the general trend has been established, and the rebound does not hinder the final decline expectation. In the short term, we can also maintain the high-altitude idea to start, and focus on the 3230 suppression to enter the market in the evening. The bearish trend remains unchanged today!
Gold: 3240 band shorts can be freely held or closed, with a target of 3165-70! For long positions, pay attention to the support near 3160 below and then consider whether to intervene!
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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.
Our goal is simple, to provide the most professional guidance for free to help everyone make a profit
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.