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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Powell's speech affected the trend of goldDisclaimer
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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.