Gold 1947-1948 Short Selling
Gold fluctuated slightly after the opening of the day, and did not fluctuate much until the end of the US market. This may be a short-term sideways correction of long and short. The current small range also gives us a larger outlook for the later period , Since the previous high point of 2080 began to retrace, it has been in a downward trend all the way. Although there has been some retracement, it is only a short self-correction. , all anti-drawings are also regarded as short corrections, and the current hourly line is also due to box consolidation. The upper suppression line is at the 50 line and the lower key support is maintained at the 30 line. This range is also an important breakthrough in the near future. Once If it breaks through either side, it is very likely that there will be a continuation, and the current short shock is weak. When the general trend is down, we still need to wait patiently for the reverse draw and short
In the short-term, if gold reverses, continue to sell around 47-48, target around 35-25, stop loss at 53.5
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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.