XAUUSD: Winning streak continues, Sell remains high today
Updated
Gold has started a decline, there is no doubt about it! Judging from the 30-minute trend, gold started to fall from the 2004 high last Friday, and now there is an obvious downward trend! After yesterday's shock, it continued to break the position and opened a new downward band! Generally speaking, the shock will maintain running between the upper and lower Bollinger rails, while the new downward wave band, especially when there is no divergence, will only maintain running below the Bollinger middle rail!
Therefore, if the rebound is close to the 30-minute Bollinger Middle Track, which is around 1954, it can be short! Defend at the 1962 position above, and the target below is the 1935 line!
Therefore, if the rebound is close to the 30-minute Bollinger Middle Track, which is around 1954, it can be short! Defend at the 1962 position above, and the target below is the 1935 line!
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