XAUUSD: Long-term consolidation will fall, 1960 pressure Sell
Updated
Gold is now facing resistance at the pressure position of 1964-1960. It failed to break through many shocks yesterday. If it is no longer strong, it will become weaker! High consolidation, long-term consolidation will fall! Relying on the pressure from 1960-1964 to maintain the bearish thinking unchanged, continue to be short!
Gold has now rebounded to the pressure position of the upper rail of Bollinger on the daily line, which is also the resistance position of the previous consolidation! Before the breakthrough, the general direction of gold is still a bearish downtrend! And the gold daily moving average is in a short position trend! Although it has rebounded strongly now, it has not really changed the direction of the decline!
The 1960-1964 position continues to be bearish unchanged! Relying on the pressure position to go short, the short-term support below is the 1954 position, once the position is broken, it will be bearish to the 1933 line!
Gold has now rebounded to the pressure position of the upper rail of Bollinger on the daily line, which is also the resistance position of the previous consolidation! Before the breakthrough, the general direction of gold is still a bearish downtrend! And the gold daily moving average is in a short position trend! Although it has rebounded strongly now, it has not really changed the direction of the decline!
The 1960-1964 position continues to be bearish unchanged! Relying on the pressure position to go short, the short-term support below is the 1954 position, once the position is broken, it will be bearish to the 1933 line!
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