Technically, from the perspective of the daily line structure, gold was subject to technical resistance at the previous high point of 1877-80, the Bollinger Band began to flatten, and the price was falling. The hedging buying sentiment brought about by the news also cooled down significantly. It was still organized near the middle track for 4 hours, the Bollinger Band closed, and the price fell back to the middle track from the upper track. Support and focus on the 1840-42 line, and the idea of rebounding empty in operation
Reference suggestion Go short near 1858-60, stop loss 1865, target 1848,1840
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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.