The current gold cycle is still in a bearish downward trend, with three major peaks on the weekly line, and continuous new lows on the daily line. In the short-term, gold is in the process of large-scale shocks from 1940 to 1980, which is a falling relay pattern. ! After the shock, it will surely fall to a new low again!
After the current gold bottomed out, it quickly returned to the range and continued to oscillate. After encountering resistance, go short on the band!
Trading straregy:
gold: sell@1960-1955 tp1:1950 tp2:1940
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
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