Overnight gold long take profit 3050 line, 3055 backhand short selling
Overnight gold took profit as expected at the 3050 level, which is within our expectations. Don't be surprised, of course, that was yesterday. We will continue to focus on the present. Today, gold is expected to fall sharply, and currently around 3060, it is bearish
It is inevitable that the Federal Reserve's interest rate decision will remain unchanged, and it is also inevitable for gold to rise, both of which are expected. However, today we are still looking at a decline because the hourly line of gold prices has directly derailed, and this trend is abnormal. Returning to the moving average is inevitable
The four hour line is a terrifying level of derailment, with a bullish candlestick all the way, which is an extremely dangerous signal. We predict that the gold price has basically reached its peak, the Federal Reserve's interest rate decision remains unchanged, and Trump's presidency still prioritizes the United States. If the US dollar is bullish, it will directly suppress gold, and the bulls are obviously unable to move forward, ready for a sharp drop
Investment strategy: Short sell gold 3055, stop loss 3064. Target 3010
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