Gold Spot / U.S. Dollar
Short
Updated

Gold price bears want to take over the 3200 mark

160
https://www.tradingview.com/x/XbqDLylK/

💡Message Strategy


On Monday, the price repeatedly swept around the 3255-3200 range, repeatedly tested the pressure of 3250, confirmed the resistance and fell under pressure, confirmed the resistance and fell under pressure again, and repeated again and again

Today, the price also repeatedly confirmed the resistance and fell under pressure. This time the pressure is 3230-3232, and fell under pressure to find the 3200 area

The second rebound is at 3240, and it is currently below here

📊Technical aspects

1. The daily line is swept alternately by yin and yang, and is still in the range of 3290-3160 from the lifeline to the lower track.

2. The four-hour lifeline is exactly at 3200, and the pattern closes at 3265-3160. Pay attention to the lifeline to switch up and down.

3. Sweeping the double-line range in the short cycle, yesterday it was in the space of 3210-3250, the price repeatedly tested the double-line upper track (purple trend line) area, and finally fell under pressure

4. Sweep within the channel range. As shown in the figure, the price is in the range of 3250-3200, which is the existing channel range.

💰 Strategy Package

Long Position: 3130-3155
Short Position:3230-3250

Trade active
Gold continues to fall

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