XAUUSD: Gold price fell below the trend line, Sell@2292
Updated
Yesterday, gold reached a new high, in line with expectations. Our buy signal at 2288 was also very profitable. Adding in Wednesday's 300% profit, this week's profit has been close to 500%. Congratulations to those who have followed.
Gold reached a high of 2305 again yesterday and fell back. Although the price of gold once again set a new historical high, it only simply reached the top. At the same time, the short-term trend in the one-hour chart has formed a double top structure! The short-term top has appeared. On the other hand, gold has fallen below the support of the previous rising trend line and moving average and has shown an inability to rise. The short-term has turned weak!
Today is non-agricultural day, and gold is likely to make a big correction with the help of tonight's non-agricultural market, and our intraday layout idea will also change from the previous low long to a rebound short!
Now that gold is rebounding, I think it is a very good Sell opportunity that everyone can seize.
Gold reached a high of 2305 again yesterday and fell back. Although the price of gold once again set a new historical high, it only simply reached the top. At the same time, the short-term trend in the one-hour chart has formed a double top structure! The short-term top has appeared. On the other hand, gold has fallen below the support of the previous rising trend line and moving average and has shown an inability to rise. The short-term has turned weak!
Today is non-agricultural day, and gold is likely to make a big correction with the help of tonight's non-agricultural market, and our intraday layout idea will also change from the previous low long to a rebound short!
Now that gold is rebounding, I think it is a very good Sell opportunity that everyone can seize.
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