Gold is in a high-pressure situation, 2890 continues to be empty
On Friday evening, the gold price emerged from a roller coaster ride, with the bearish candlestick briefly falling back to the 2830 line. However, it is clear that a sharp decline is not strong enough, and only a rebound can sink all support. A rebound is inevitable, as all daily levels are solid bearish candlesticks. Currently, there is still no strong support below, and the main trend is to continue at high levels
The four hour gold line is also suppressed by the moving average, and the rebound is short-lived, directly rubbing against the floor. At the same time, the resistance lines 2890 and 2900 above are obvious resistance, while the candlestick line is only a rebound and definitely not a reversal. The area below these two resistance lines is clearly empty. Moreover, the candlestick line is suppressed directly and cannot breathe, rubbing against the floor. The candlestick line has fallen from 2955 to 2830, indicating that this big bear is still strong. Short selling, 2890 short selling
Investment strategy: Sell gold 2890 short, stop loss 2900. Target 2810
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