The gold market has shown an obvious pattern of bearish suppression recently. On the weekly chart, two consecutive long upper shadows have formed a "double needle probing the top" pattern. Coupled with the expansion of the negative momentum of the MACD, it indicates that the medium-term pullback trend will continue. On the daily chart, a long bearish candlestick has broken through the key support. The RSI has dropped from the overbought area to 48.26. Although it has not reached the oversold level, there is still room for further decline.
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Technically, the resistance in the 3260-3250 area is significant, which has become the demarcation between bulls and bears in the short term. Judging from the four-hour chart, the trading idea is to go short on the rebound. Pay close attention to the resistance in the 3265-3270 interval. If the support in the 3205-3200 area is breached, it may trigger stop-loss orders and further fuel the downward trend.
XAUUSD
sell@3260-3265
tp:3240-3220-3200
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.👇🏽👇🏽👇🏽
The real-time trading signals we provided have been profitable every day. If you don't know how to get started, you can refer to my strategies. 👉🏼👉🏼👉🏼
Technically, the resistance in the 3260-3250 area is significant, which has become the demarcation between bulls and bears in the short term. Judging from the four-hour chart, the trading idea is to go short on the rebound. Pay close attention to the resistance in the 3265-3270 interval. If the support in the 3205-3200 area is breached, it may trigger stop-loss orders and further fuel the downward trend.
XAUUSD
sell@3260-3265
tp:3240-3220-3200
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.👇🏽👇🏽👇🏽
Trade active
TP1 has been reached. If you have made sufficient profits, you can close the position on your own. The signals have been accurate for a whole week! 🎉 If you've been trading based on my signals, congratulations on having made a certain amount of profit.
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Disclaimer
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.
We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+yWjb0JJb8NA3YzFk
t.me/+yWjb0JJb8NA3YzFk
Disclaimer
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.