Gold Spot / U.S. Dollar
Short
Updated

Gold will most likely break below 3202, just follow the trend

195
The general trend of gold, affected by the weekend Sino-US trade negotiations, opened low and fell to 3265 in the Asian session this week, and the European session will maintain a bearish mindset in the future. The target for this trading day is 3260-3202;

The Asian session continued to fall to 3208, and is now reported at 3228. The US session continues to see a parallel attack and defense break below 3202; short-term resistance is 3234, and strong resistance is 3240-3250; short-term support is 3216-3208, and strong support is 3202. If it falls below, it is believed that it will fall to 3180 to 3168;

In terms of operation, it is recommended to follow the rebound and sell short;
Sell near 3234, target 3202; continue to hold if it breaks; (Specific pre-market tips)
Trade active
Trade closed: target reached
I have always believed that analysts and investors are close, because only in this way can both parties cooperate better and work together to gain greater profits. Now many investors in the market no longer trust analysts, or the technical skills of analysts in the market are uneven, and some analysts are just in name only. Analysts do market analysis and provide more stable suggestions to reduce investment risks. It is impossible for them to be correct. That is something that only gods can do. The relationship between investors and analysts should be that of collaborators and partners. We should not doubt each other. If so, it is better not to cooperate from the beginning. When you start to question the strength and analysis of the analyst after losing a single order, your behavior may make the analyst no longer dare to guide you, and thus miss the profit you deserve. And be cautious about profit screenshots. After all, everyone understands the current PS technical skills, so I don’t need to say more. You can investigate it yourself. I am talking nonsense, so it is better for you to conduct actual investigation. Strength and technology are not said by yourself, but observed by you.

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.