XAUUSD: first fell and then rose today
Updated
Gold continues to rebound today, but the fluctuation range is too small, and now it has touched near the high point of yesterday's rebound. Since there is no suitable entry point for long positions, then we can only wait for it to fall before buying!
Gold still needs to continue to explain that the current downward trend has changed, and the operation must change its thinking in a timely manner, and it is not possible to blindly sell short! Now gold has started a bottoming trend, broke through the suppression of the downward trend line, and stepped back to stand firm, and is about to start a rebound!
In terms of operation, gold continues to rely on the low support of 1885 to go long, but the probability of falling to around 1885 again is relatively small, so you can go long again around 1893-1894 above 1890! If the decline does not break through 1885, you can also increase your position! The upper pressure focuses on 1905, and after the breakthrough, it is bullish to the 1920 line!
Gold still needs to continue to explain that the current downward trend has changed, and the operation must change its thinking in a timely manner, and it is not possible to blindly sell short! Now gold has started a bottoming trend, broke through the suppression of the downward trend line, and stepped back to stand firm, and is about to start a rebound!
In terms of operation, gold continues to rely on the low support of 1885 to go long, but the probability of falling to around 1885 again is relatively small, so you can go long again around 1893-1894 above 1890! If the decline does not break through 1885, you can also increase your position! The upper pressure focuses on 1905, and after the breakthrough, it is bullish to the 1920 line!
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Today's European market changes very little, there is not much fluctuation, it depends on the US marketTrade active
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