Gold still has the potential to rise
Updated
https://www.tradingview.com/x/udzvIGD4/
At the beginning of last week, gold started a downward trend near 1990. After breaking through 1980, it opened up room for decline. As of Friday's close, it closed at 1932.
At the opening today on Monday, gold opened lower again, pierced 1932 and then recovered again, and currently continues to fluctuate at low levels. Then after the support here in 1980 is broken, it is obvious that the bullish trend of gold no longer exists.
There is no doubt that the downward trend is maintained. This is undeniable.
However, what we need to know now is whether gold will go down directly, or whether it will go down after rectification. This is the issue we need to pay attention to at the moment.
From the daily chart:
At present, the daily chart of gold shows a sequence 9 signal, so this is a potential window for gold to change.
If it's fast it should be today, if it's slow it could be before Wednesday.
In addition, CPI will be announced tomorrow, Tuesday, so today and tomorrow are particularly important.
The current lower moving average support of the daily chart is at 1930-20, so there is a possibility of falling to 1920-30 again and then rising again.
So if the gold price change is really successful this time, there is a high probability that it will rebound to the 618 position like the previous time, and then fall back down again.
The extreme position may be between 1970 and 1980, or it may still be impossible to reach this point.
If you need help you can join my team
At the beginning of last week, gold started a downward trend near 1990. After breaking through 1980, it opened up room for decline. As of Friday's close, it closed at 1932.
At the opening today on Monday, gold opened lower again, pierced 1932 and then recovered again, and currently continues to fluctuate at low levels. Then after the support here in 1980 is broken, it is obvious that the bullish trend of gold no longer exists.
There is no doubt that the downward trend is maintained. This is undeniable.
However, what we need to know now is whether gold will go down directly, or whether it will go down after rectification. This is the issue we need to pay attention to at the moment.
From the daily chart:
At present, the daily chart of gold shows a sequence 9 signal, so this is a potential window for gold to change.
If it's fast it should be today, if it's slow it could be before Wednesday.
In addition, CPI will be announced tomorrow, Tuesday, so today and tomorrow are particularly important.
The current lower moving average support of the daily chart is at 1930-20, so there is a possibility of falling to 1920-30 again and then rising again.
So if the gold price change is really successful this time, there is a high probability that it will rebound to the 618 position like the previous time, and then fall back down again.
The extreme position may be between 1970 and 1980, or it may still be impossible to reach this point.
If you need help you can join my team
Trade active
1931-1930buy.tp1936-1941-1952Trade active
Gold rose to around 1936. Our order quickly became profitableTrade active
Gold rose as expected. We made huge profits on our orders. If you want to get trading signals as soon as possible. You can click below to join my teamTrade active
The second TP price 1941 has arrivedTrade active
Gold rises to 1946. Our trading signal was absolutely correct. If you want to get trading signals as soon as possible. Click the link below to joinTrade active
If you want to get trading signals as soon as possible. Click the link below to joinTrade active
Today I promptly remind everyone not to short gold. And started to go long gold around 1931. Currently up to 1949. If you want to get more of my trading ideas. You can click the link below to join. This way you can get more trading signals.Trade active
If you want to know more about my trading ideas. You can join by clicking the link below. This way you can get more trading signals.Trade active
I will repost trading signals tomorrow.If you want to know more about my trading ideas. You can join by clicking the link below. This way you can get more trading signals.Trade active
Hello everyone. A new day has begun. If you want to know more about my trading ideas. You can join by clicking the link below. This way you can get more trading signals.Trade active
If you want to know more about my trading ideas. You can join by clicking the link below. This way you can get more trading signalsTrade active
If you want to know more about my trading ideas. You can join by clicking the link below. This way you can get more trading signals..Trade active
If you want to know more about my trading ideas. You can join by clicking the link below. This way you can get more trading signals.Trade active
Gold rises as expectedTrade active
1970tp DoneTrade active
We made a huge profit on our order.If you want to know more about my trading ideas. You can join by clicking the link below. This way you can get more trading signals.Trade active
If you want to know more about my trading ideas. You can join by clicking the link below. This way you can get more trading signals.Trade active
If you want to know more about my trading ideas. You can join by clicking the link below. This way you can get more trading signalsTrade active
I will repost my latest trading ideas tomorrow. If you want to get trading signals as soon as possible. Click the link below to joinTrade active
If you want to know more about my trading ideas. You can join by clicking the link below. This way you can get more trading signalsTrade active
Trade active
We will continue to observe the trend tomorrow. If you need to know more trading ideas and trading signals. Pay attention to the bottom area to get the trading signal immediatelyTrade active
Today’s focus is on the 1970-1985 resistance area. If it cannot break through, gold will most likely continue to fall.Trade active
Trade active
At present, continue to observe the trend of gold to support around 1960Trade active
If you want to get more trading signals. You can join in by paying attention to the bottom areaTrade active
Trade active
Today's market is destined to be a volatile trend. So I remind everyone that the order can be closed in 1955. So I started 2 new orders. Made some more money. If you want to get more trading ideas. You can pay attention to the bottom area and join to get more trading signalsTrade active
If you want to get more trading signals. You can join in by paying attention to the bottom areaTrade active
Click the bottom area below to get my trading ideas as soon as possible every dayTrade active
If you want to get more trading signals. You can join in by paying attention to the bottom area.Click the bottom area below to get my trading ideas as soon as possible every dayTrade active
If you want to get more trading signals. You can join in by paying attention to the bottom area.Click the bottom area below to get my trading ideas as soon as possible every day.Trade active
If you want to get more trading signals. You can join in by paying attention to the bottom area.Click the bottom area below to get my trading ideas as soon as possible every day...
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.