XAUUSD: Gold’s decline remains unchanged and continues to Sell
Updated
Gold is still on a downward trend. It found support near the previous low yesterday and rebounded and fluctuated. This is a normal adjustment during the decline. The resistance is also very obvious, which is the 1970 position! Therefore, the current price of 1968 can continue to be short and bearish to new lows!
Gold officially started its downward trend after breaking through 1967 yesterday. However, yesterday it fell to the support position of the daily Bollinger Band and the low point reached in the early stage. Moreover, the intraday decline was not large, so it continued to fluctuate and rest in the evening, but the rebound did not really happen. Break through the effective pressure position!
Today, relying on the pressure, we will continue to short. Unless the market breaks through the resistance of 1975, the downward trend of shorts will remain unchanged, and any rebound will be an opportunity for shorting! The direction has been set, all that’s left is execution! Don't be afraid of the long way if you are heading in the right direction! Short orders continue to enter the market, the current price of 1968 is short, continue to look at new lows!
Gold officially started its downward trend after breaking through 1967 yesterday. However, yesterday it fell to the support position of the daily Bollinger Band and the low point reached in the early stage. Moreover, the intraday decline was not large, so it continued to fluctuate and rest in the evening, but the rebound did not really happen. Break through the effective pressure position!
Today, relying on the pressure, we will continue to short. Unless the market breaks through the resistance of 1975, the downward trend of shorts will remain unchanged, and any rebound will be an opportunity for shorting! The direction has been set, all that’s left is execution! Don't be afraid of the long way if you are heading in the right direction! Short orders continue to enter the market, the current price of 1968 is short, continue to look at new lows!
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