After a long period of volatility, gold finally fell below the daily moving average support. As long as the intraday rebound does not break through the pressure of 1945, it proves that the break is valid. Next, continue to short, and the pressure of 1945 should be shorted first!
Gold fell unilaterally yesterday, and the 1950 empty order mentioned yesterday also fell and won a big victory! The current rebound is weak, the decline continues, and the rebound is still an opportunity to go short!
From the trend point of view, gold seems to be still fluctuating in a large range, and there is no support for falling below the previous low of 1925! But at the daily line level, it can be seen that the moving average has turned down! Before that, the k-line was still running above the long-term moving average, but yesterday it broke directly!
Trading straregy:
gold: sell@1945 tp1:1920 tp2:1900
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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