Gold-----Sell near 2884, target 2860-2840
This week's gold market is about to end. On Monday, it hit a new high. After that, it was basically adjusting and falling. Gold fell below the 2900 support and 2880 support. The breaking of these two positions confirmed the position of the short position. In addition, the daily line has turned down. The short position of 2800 is just around the corner. If there is no big accident today, the weekly line will close with a big negative, which is also the first big negative in the past 9 weeks. It also confirms the appearance of the short-term top of the weekly line. This wave of gold decline is also suppressed by fundamentals, the suppression of the Russian-Ukrainian situation and inflation, and the strong rise of the US dollar are all suppressing gold. We don't speculate on the top, but the market has given a direction and we need to follow it. Today's idea is to be bearish at high altitudes and continue to be short on rebounds.
Today we will rely on the small suppression of 2894 to arrange short orders. The moving average begins to move down. The suppression position of the daily line has dropped to 2906. Today's idea is to stick to the short position if 2906 is not broken. Today is Friday and the market may be abnormal. We need to adjust in time.
Support 2870, suppression 2894, and 2900, super pressure 2906, the strength and weakness dividing line 2894.
Operation suggestion
Gold-----Sell near 2884, target 2860-2840
Today we will rely on the small suppression of 2894 to arrange short orders. The moving average begins to move down. The suppression position of the daily line has dropped to 2906. Today's idea is to stick to the short position if 2906 is not broken. Today is Friday and the market may be abnormal. We need to adjust in time.
Support 2870, suppression 2894, and 2900, super pressure 2906, the strength and weakness dividing line 2894.
Operation suggestion
Gold-----Sell near 2884, target 2860-2840
Share free trading signals every day, with an accuracy rate of up to 98% and a return rate of over 200%. Please click me to get it
t.me/+T3KTC22K-2BlZmNh
t.me/+T3KTC22K-2BlZmNh
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.
Share free trading signals every day, with an accuracy rate of up to 98% and a return rate of over 200%. Please click me to get it
t.me/+T3KTC22K-2BlZmNh
t.me/+T3KTC22K-2BlZmNh
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.