Gold Spot / U.S. Dollar
Short
Updated

Gold price rebounds and then falls

251
https://www.tradingview.com/x/TW0GsWiL/


The current trend is similar to that of Monday. Now that the market has continued to rise, we should not rush to guess the top. The idea is to follow the trend and wait for the stagflation signal to appear before looking at the callback. At present, the turning point of this wave is roughly expected to be around 3338. After the turning point appears, I will prompt you to participate in short orders to watch the callback. The callback position is expected to be around 3312. That is, the idea of ​​European trading is to participate in short orders near 3338, with the target near 3315; after there is a stop-loss signal near 3312 below, participate in long orders.
Trade active
Bearish
Trade closed: target reached
Don't worry, my prediction will be correct.

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