Gold after a day of sideways movement, will the new trend change
. Yesterday, the market produced a doji-shaped candle at bar D1 with a short candle body and his two long candle shadows. We've seen some very intense battles between buyers and sellers. In the past two days, the gold price has reached the major selling threshold from 1978 to 1980, and if the price breaks through this threshold, it will be very dangerous. , retesting over $2000 is very easy. However, we will continue to focus on selling the 193x and 1900.
. In the H4 framework, prices fell to 23.6% of FIBO, the 1954 price range, but then recovered in the short term. Currently, in the h4 frame, the price is still in a downward accumulation channel as there is no new news coming in to move the price. Since it is not new, I will focus on selling up to 193x1900.
👉 See ACE strategy:
Gold sale 1976.XX SL 50 TP 50 100PIP
. In the H4 framework, prices fell to 23.6% of FIBO, the 1954 price range, but then recovered in the short term. Currently, in the h4 frame, the price is still in a downward accumulation channel as there is no new news coming in to move the price. Since it is not new, I will focus on selling up to 193x1900.
👉 See ACE strategy:
Gold sale 1976.XX SL 50 TP 50 100PIP
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