Gold has peaked, prepare to fall
Gold's rise was weak, and it once reached around 2300, but it clearly felt that it could not rise, that is, there was no strength, and the big negative line went straight down, forming a bearish engulfing pattern.
The continuous big negative line engulfed Yangdian's real body, and it also closed the upper shadow line, and the moving average showed a clear downward bend. The negative line real body broke through the moving average again, and the K line is getting closer and closer to the rhythm of the moving average. Be prepared to fall, and there is support below. around 2250
Gold's rise was weak, and it once reached around 2300, but it clearly felt that it could not rise, that is, there was no strength, and the big negative line went straight down, forming a bearish engulfing pattern.
The continuous big negative line engulfed Yangdian's real body, and it also closed the upper shadow line, and the moving average showed a clear downward bend. The negative line real body broke through the moving average again, and the K line is getting closer and closer to the rhythm of the moving average. Be prepared to fall, and there is support below. around 2250
Note
If you can’t grasp the entry point and are not confident in your trading, you can click on the link below my article, where I will share trading ideas every dayTrade active
Note
Pay attention to the non-farm payrolls report on Friday. The market volatility will increase. I hope all investors will be cautious in trading.Trade active
Note
Shorting gold at high levels is a good strategyTrade active
Note
Gold rebounds slightlyNote
The trend of gold is within my expectationNote
Can I go short now?Note
If you can’t grasp the entry point and are not confident in your trading, you can click on the link below my article, where I will share trading ideas every dayTrade active
Trade active
Note
Gold falls rapidlyNote
Gold short orders are making profitNote
If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every dayNote
The trend of gold rose first and then fell, in line with my expectationsNote
Plan your trades, trade your plans, and avoid random tradesTrade active
Note
Gold rebounds slightly in the short term
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.