Gold is approaching the 0.382 speed line, near 1200. And may continue to touch 1192-1180-1160.
Gold may fall back before it rises, Waiting for the volume to give us instructions.
The 2×1 downtrend line that fell from mid-April accommodated the shocks from August to October and became the resistance of gold's rise, causing prices to fall when they touched the trend line. When the gold bottomed out, we can see that the 2×1 rising Gann line played a supporting role in the upward trend in October, and will play a supporting role in the...
The gold is still under pressure 1240. If the price retracement stabilizes 1230, the breakthrough will be very fast.
Recently, the gold price has fluctuated in the interval of 1230-1220. In the short-term, it is suggested that sell high and buy low between 1230-1220. 1233-1238 SELL . The target is 1220-1216-1208.
Pay attention to the short signal of the area of 1224-1234 pay attention to the support level of 1213-1215 If the support is effective, the gold will continue to be bullish. If it break through the support, the short target will be below 1207 or even 1200.
Combined with bearish triangles and bullish bat patterns, it is found that the reversal position is 1183, and attention is paid to the position of the triangle under the triangle. If the stability is 1183, the probability of gold will rise. If it breaks below 1180, the gold will go down.
The price has fallen below the key support level of 1195. Pay attention to the breakthrough of the triangle sideline, there will be a new low position.
Gold price is rebounding, will test 1181 support again, and then continue to fall, the target is the previous low of 1160