Gold Spot / U.S. Dollar
Short
Updated

Xauusd:Do you think it will fall?

525
snapshot

Gold's highest point yesterday reached 1962 and was blocked from falling, the second time it reached near 1956 and was blocked from falling. It just reached near 1955 and was blocked from falling. The high point is constantly moving down, and the possibility of gold's current decline has increased.

Trading advice:
Xauusd:sell 1954-1958-1963
TP:1946-1940-1934

If gold reverses its decline and breaks through 1932, it will fall to around 1912-1918.

Friends with a lot of funds can hold and wait for the decline. If they break through the high point, observe whether they will be blocked from falling again.

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Note
Waiting to fall
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Powell's speech affected the trend of gold

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