XAUUSD: Gold price is about to drop from 1965
Updated
Yesterday, the gold price repeatedly tested 1965, but was unable to stand firm. Today, it touched here again and started to reverse, indicating that 1965 was under great pressure. I shorted here yesterday, and continued today. The gold price went down all the way, and fell directly to the 1954 line. Now that the price of gold has rebounded to the 1965 line again, how can I let it go? It went straight in.
Going short now is better than shorting yesterday, because the price of gold is closer to the trend line. Wouldn't it be beautiful to use a smaller stop loss to make a bigger profit. After a day of turbulence, today is the key node for market change, and the US market will directly pull down the price of gold at any moment.
Structures are not so easily changed. Gold is still in a volatile trend and is still in a downward trend. The current price of 1965 can be directly shorted.
Going short now is better than shorting yesterday, because the price of gold is closer to the trend line. Wouldn't it be beautiful to use a smaller stop loss to make a bigger profit. After a day of turbulence, today is the key node for market change, and the US market will directly pull down the price of gold at any moment.
Structures are not so easily changed. Gold is still in a volatile trend and is still in a downward trend. The current price of 1965 can be directly shorted.
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