Be careful of gold rushing high and then falling back
Updated
I told you in the previous article that once gold stands above 1940, gold is bound to hit 1960-65. The current market is also in line with my expectations, reaching the top range of 1960-65.
https://www.tradingview.com/x/7iYraVEu/
Judging from the current trend of the gold structure, gold has reached the top position of the head-and-shoulders bottom. It stands to reason that this round of rebound trend should be basically coming to an end. At present, the vicinity of the 1965 position is also the suppression point of the daily and weekly moving averages, so it will not be so smooth to break through this area.
That is why I reminded everyone yesterday and today not to chase long gold in the current area, and when the market is unanimously optimistic about gold, we must be particularly cautious to prevent gold from falling after a high or adjusting the market.
For more trading signals and trading plans, you can follow the bottom of the article to view the details!
https://www.tradingview.com/x/7iYraVEu/
Judging from the current trend of the gold structure, gold has reached the top position of the head-and-shoulders bottom. It stands to reason that this round of rebound trend should be basically coming to an end. At present, the vicinity of the 1965 position is also the suppression point of the daily and weekly moving averages, so it will not be so smooth to break through this area.
That is why I reminded everyone yesterday and today not to chase long gold in the current area, and when the market is unanimously optimistic about gold, we must be particularly cautious to prevent gold from falling after a high or adjusting the market.
For more trading signals and trading plans, you can follow the bottom of the article to view the details!
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Gold has been effectively prevented from rushing up many times, so there is still a need for adjustments in gold
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