Gold's decline is obvious, continue to be empty

In terms of gold, the price of gold stabilized at 1902 yesterday, and the shock fell below the low level. Although the pattern of breaking low did not continue, the daily line continued to fall, and the platform of the shock high point gradually moved down. This form did not show an accelerated decline and it was difficult to bottom out. It fell by $150 compared to 2080 in the previous period. In June, there was a shocking callback for nearly a month. There was no strong retracement, but the bottom of the range was broken. The probability of continuing to fall is high, and the shock is repaired. The longer the time, the bigger the space below. The decline from 1958 to 1805 in February and the decline from 2080 to 1930 in May were both in the $150 range. This round of decline was calculated from 1984, and the current position is relatively safe. Although the short-term trend is relatively volatile, as long as the high point of the previous platform shock does not break, the short-term counter-drawing is a paper tiger.



Although it stabilized around 1910 and formed a double bottom yesterday, it oscillated sideways near the low point in the early morning, sending out a very weak signal in the short term. Pumping high point 1917. Yesterday, the European market opened lower and continued to weaken, and the US market continued to sell short. The pressure on the US market is the 1911-12 high of the European market. Yesterday's morning and evening suggested that these two positions were empty. Although it stabilized in the short term to form a double top in 1902, it was under pressure in the early trading and weakened directly to the shock high of 1913 in the early morning. The European market needs to continue the short-term game. The key watershed today is the morning high. If it weakens directly in the morning and continues within the day, it must not break through the high point, otherwise it will be turbulent, so today you can consider suppressing short positions around 1908, using the early high point as support. defense. Below, focus on the four-hour downward trend line support near 1898. The European market fell below the trend line support, and the US market can continue to place empty orders.


Gold: short near 1908, stop loss at 1914, target near 1899.

The trend is still floating within my analysis, hello traders, please continue to pay attention to my analysis, I wish you a happy life

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Gold is falling, keep an eye out