Gold's current strong trend in the large-scale cycle trend has changed. Pay attention to the support band around 2950 during the week. In the 4-hour level trend, the price rebounded and touched the previous pressure band and then began to fall back. The short-term moving average continued to diverge downward and continued to be weak in the short-term trend. The price began to slowly fall below the short-term terraced support band, tending to have a downward space in the short-term trend. The short-term trend began to show signs of stabilizing slightly after a wave of rapid declines. Pay attention to whether there will be a second downward trend after a small rebound and repair in the late trading. If it falls below 3000, look at 2990 85 below. Otherwise, look up 20-30
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The market is very volatile today, and accurate entry and exit timing is the key to profit. When unexpected situations arise, it is necessary to adjust strategies quickly and flexibly adjust the direction of transactions. Congratulations to those traders who have successfully used market trends to profit by following my guidance.Remember, indecision will lead to frustration. If you have any questions, please feel free to leave me a message.
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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.