XAUUSD: fell below support and continues to be bearish
Updated
Gold fell during the day, finally falling below the 1967 support level and approaching the 1950 support area! It shows that the short pattern has been formed and the direction has been established! Any rebound is a short-selling opportunity! The current price of 1966 in the US market is short, and it is bearish to the 1950 area! The band target is the 1930 line!
If gold had fluctuated at a high level before, today's negative decline has completely turned into a short decline! Previously, the market maintained a 4-hour running between the upper and lower Bollinger rails! But now gold only needs to rebound and touch the 30-minute Bollinger Band to be directly empty!
The trending market is going short. The 1950 level below is the low point reached in the early stage and is also the support of the daily Bollinger Middle Track. There will be a rebound, but the probability of reversal is very small. Seize the rebound opportunity and go short!
If gold had fluctuated at a high level before, today's negative decline has completely turned into a short decline! Previously, the market maintained a 4-hour running between the upper and lower Bollinger rails! But now gold only needs to rebound and touch the 30-minute Bollinger Band to be directly empty!
The trending market is going short. The 1950 level below is the low point reached in the early stage and is also the support of the daily Bollinger Middle Track. There will be a rebound, but the probability of reversal is very small. Seize the rebound opportunity and go short!
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