Short term decline in gold, 3350 adjustment bearish
Trump is preparing to significantly reduce tariffs on China, and a drop in the K-line is inevitable
Due to the easing of tariffs, gold has surged rapidly, approaching around 3260 and almost falling below. This trend clearly lacks short-term bullish momentum, with high prices being the main theme. Today, we adjusted our short selling strategy and saw a large bearish candlestick at the top of the daily chart, which is a heavy hammer breaking through and directly shattering the market
The two bearish candlesticks at the gold daily level dropped by $240 directly, and they continued to plummet without much rebound force. Even if there was a rebound, the bearish candlestick would directly engulf and cover the surface, and the moving average would be in free fall. The candlestick was constantly rubbed against the floor, and it could only gasp for breath. The bearish slide was bound to be fast
Investment strategy: Short selling gold at 3450, stop loss at 3460, target at 3290
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