A major bearish trend is approaching, and gold will continue to plummet this week!
A major bearish trend is approaching, and gold will continue to plummet this week
The first dialogue between the United States and Russia resulted in a waterfall like drop of $60 in gold. What will happen to the second dialogue?
Gold has already peaked, why are there still people immersed in the bull market atmosphere of rising gold prices? Do you still think that gold should go up to $3000? The principle behind the main force drawing a $3000 pancake is as follows: there is an expectation that the market maker can sell, and the retail investors will chase after it. When it really rises to $3000, the retail investors are also selling, and the market maker is also selling. So who will the market maker sell the goods to?
Technically, the golden double headed top has been constructed, and gold is about to fall below the top neck line, opening a new downtrend. Are you ready to enter?
The 4-hour cycle saw the gold price continuously fall below the moving average, falling below the 20 and 30 moving averages, and rebounding at the 60 moving average. However, the rebound was hindered by the 20 and 30 moving averages. Taking advantage of the situation, the gold price was liquidated at 2910.
Trading strategy: Short sell gold 2910, stop loss 2920, target 2840
Personal investment sharing requires caution when entering the market
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