Gold technical analysis; the gold daily line has three consecutive negative days, and the market has not rebounded in the near future. It has been a big unilateral decline all the way. Up to now, some people think that there will be a rebound and restart the rally. This reason does not make sense in the near future Yes, if you want to go up, you have to wait until this wave of short corrections is in place before you can be bullish. Where is the strength of this correction? Looking at the weekly and monthly lines, Wang Tianfa is optimistic that the two positions of 1932 and 1906 started to rise in the early stage The multiplication point, when it hits the weekly support around 1931, it is expected that there will be a good rebound. The short-term short-term trend will be adjusted downward, so just take advantage of the trend and find some short positions for it. Looking at the 4-hour chart of gold, the bears have continued to fall, breaking through multiple support levels in a row. Now pay attention to the gains and losses of the 1945 support. If there is no strong rebound, it is only a matter of time before they fall here. At present, it can be seen that technical indicators such as moving averages and trend lines indicate that the market is running in a weak position, and the k-line diverges downward, and the 1970-1930 interval is the watershed between long and short in the big cycle. This is a later story. For the short-term end of this wave of shorts, the focus is on the 1930 line.
The top short-term focuses on the first-line resistance of 1975-1972, and the bottom short-term focuses on the first-line support of 1938-1940.
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