XAUUSD: Gold is about to start falling 1955Sell
Updated
Gold fell negatively within the day, and the rebound was weak. This is in stark contrast to the previous strong rise. If it is no longer strong, it will become weaker! The European market is directly empty, and the current price of 1955 is Sell! Current price layout, refuse to be an afterthought!
Gold rebounded strongly last week, but it has already touched the upper rail pressure of Bollinger on the daily line, which is also the consolidation pressure around 1970 during the previous decline! Before this area breaks through, there will be two possibilities for gold, the first is to choose a direction after oscillating in the 1938-1970 range, and the second is to fall directly!
No matter what kind of trend, the first drop is inevitable, just the size of the drop! Now it is short, the current price of 1955 is short, and the first target is bearish to the 1938 line, which is the support position for bottom consolidation! If you don't break, you can backhand more, and if you break the position, follow up with the trend!
Gold rebounded strongly last week, but it has already touched the upper rail pressure of Bollinger on the daily line, which is also the consolidation pressure around 1970 during the previous decline! Before this area breaks through, there will be two possibilities for gold, the first is to choose a direction after oscillating in the 1938-1970 range, and the second is to fall directly!
No matter what kind of trend, the first drop is inevitable, just the size of the drop! Now it is short, the current price of 1955 is short, and the first target is bearish to the 1938 line, which is the support position for bottom consolidation! If you don't break, you can backhand more, and if you break the position, follow up with the trend!
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