Gold hits resistance, continue to choose high Sell
Recently, gold has been turbulent due to news factors. Gold has surged many times due to its safe-haven properties. However, after a short surge, it ended up with a V-shaped reversal trend! Both attempts to rise higher failed to regain the 2200 mark. In the short term, its trend showed a pattern of shock and closing! Then we can boldly short the gold price near the 2200 mark!
The market will be closed tomorrow, and it is expected that there will not be much market movement today, with shocks being the main trend! At the same time, gold has reached a relatively complicated situation at this stage. On the one hand, the one-hour level is supported by the lower trend line 2182, and the lows are constantly rising. On the other hand, the overall four-hour trend trend is building on the right shoulder. The pressure level is exactly at the 2200 line. Although it is bullish in the short term, when the gold price reaches around 2200 again, it will definitely form a downward trend again, so I think it is a very good choice to choose the high Sell now!
Good luck to everyone
The market will be closed tomorrow, and it is expected that there will not be much market movement today, with shocks being the main trend! At the same time, gold has reached a relatively complicated situation at this stage. On the one hand, the one-hour level is supported by the lower trend line 2182, and the lows are constantly rising. On the other hand, the overall four-hour trend trend is building on the right shoulder. The pressure level is exactly at the 2200 line. Although it is bullish in the short term, when the gold price reaches around 2200 again, it will definitely form a downward trend again, so I think it is a very good choice to choose the high Sell now!
Good luck to everyone
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