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CFDs on Gold (US$ / OZ)
Short

9.17 Technical Analysis of Gold Short-term Operations

By David_strategy
In the four-hour chart, the price recovered the upper line and ran below the upper line. The short-term support is at the acceleration line 2573. If it breaks down here, it also indicates that the lower line of the hourly chart will break. Once it breaks, it will resonate downward, at least testing the support of the 2562-50 line. Secondly, from the four-hour moving average chart, the 5-10-day dead cross is downward, and the auxiliary indicator MACD is dead cross at a high level. The hourly chart counterattacks the upper line and turns short for the second time, which is the best time to short, and it is also a reasonable position to reduce positions. Once it breaks down, the overnight closing price of 2579-80 is basically rebounded, which is to add shorts. So as long as you hold 2590 to see that the adjustment remains unchanged, wait for 2600 or above after the breakthrough to make arrangements.

Strategy:
2585-88 area short, loss 92, look at 73-68-62-50. Break down 73 and rebound 80 and short loss 85
Comment
In the first test, we closed the position with a short-term profit of 5 points and will continue to test the second entry
Comment
The team perfectly predicted entry at 73 and made another profit of 13,000U

This is the strength of a team of professional analysts
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David_strategy
Senior gold analyst who has been engaged in gold, US dollar, and oil trading for 12 years. Join me and I will lead my team to help you become a professional trader and expand your assets.
t.me/divedgold123

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