XAUUSD: Wait for the rebound to sell
Updated
The price of gold fell rapidly yesterday, hitting support near 1927 in the evening and the decline slowed down. Technically, short sellers have the need to reverse and correct. A steady operation strategy during the day can wait patiently for the price to rebound to around 1930-1933 before taking advantage of the trend to sell!
The daily trend closed a relatively large negative line yesterday, and according to this closing pattern, there is a high probability that it will continue to maintain a negative trend today. Therefore, high altitude will be the mainstream direction of operations in the near future. Don’t dream of catching the bottom during the day. I just want to buy the bottom and make a rebound. Investment is not a child's play, and not every wave of profit can be easily grasped!
The short trend on the hourly line remains good, but the only shortcoming is that the counterattack force is relatively weak, and there are very few opportunities to enter the market. If you don't grasp it well, you will have to wait and see all day. Technical analysis, the moving average maintains a dead cross shape, and the price has fallen below and stabilized below the bullish trend line. The decline is already a certainty. Today's rebound to the 1930-1933 line can continue to be empty. Focus on the 1938 line within the day Moving average pressure, the goal is to look at the support level of 50% of the overall rise and retracement 1918-1920!
The daily trend closed a relatively large negative line yesterday, and according to this closing pattern, there is a high probability that it will continue to maintain a negative trend today. Therefore, high altitude will be the mainstream direction of operations in the near future. Don’t dream of catching the bottom during the day. I just want to buy the bottom and make a rebound. Investment is not a child's play, and not every wave of profit can be easily grasped!
The short trend on the hourly line remains good, but the only shortcoming is that the counterattack force is relatively weak, and there are very few opportunities to enter the market. If you don't grasp it well, you will have to wait and see all day. Technical analysis, the moving average maintains a dead cross shape, and the price has fallen below and stabilized below the bullish trend line. The decline is already a certainty. Today's rebound to the 1930-1933 line can continue to be empty. Focus on the 1938 line within the day Moving average pressure, the goal is to look at the support level of 50% of the overall rise and retracement 1918-1920!
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