XAUUSD: Downtrend, continue high Sell
Updated
Gold rose strongly in the U.S. market yesterday, stimulated by the news, but it did not really break through 1965. It was a counterattack in the process of decline. The decline has not changed. It continues to be short after today's rebound!
Looking at gold from a 4-hour perspective, gold formed a head and shoulders top pattern and then broke down and fell, and the downward trend has completely started! The daily line has also fallen below the support of the Bollinger middle track, and the next trend must continue to be close to the daily line near the lower Bollinger track!
Gold will continue to be short today, and will continue to bearish after the shock adjustment is over! The pressure above is 1958. No matter how strong the rebound is, it will eventually fall again! The higher it rebounds, the faster it will fall! Close to 1955 to enter the market again!
Looking at gold from a 4-hour perspective, gold formed a head and shoulders top pattern and then broke down and fell, and the downward trend has completely started! The daily line has also fallen below the support of the Bollinger middle track, and the next trend must continue to be close to the daily line near the lower Bollinger track!
Gold will continue to be short today, and will continue to bearish after the shock adjustment is over! The pressure above is 1958. No matter how strong the rebound is, it will eventually fall again! The higher it rebounds, the faster it will fall! Close to 1955 to enter the market again!
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