Since the first article yesterday, I have said that we should be alert to the risk of callback in the last two days of this week. As expected, the price of gold has fallen to the integer mark of 3000, and we have also ushered in the 4th consecutive victory of shorting gold.
The support near the integer mark of 3000 is definitely relatively strong, which is why I just reminded you not to chase the short there. Now gold has rebounded to the 3017 line.
From the Fibonacci retracement indicator of 3057-3000 points, the 0.618 position is at 3021 and the 0.5 position is at 3028. I think these two points will be the key. If it cannot break through, it will most likely continue to fall. If it can fall below 3000 points, it will most likely look to 2980.
Of course, nothing is immutable. We must also make adjustments based on the actual dynamics of the market. If you don’t know where the best entry point is, you can contact me. I will provide you with accurate trading signals and real-time trading guidance to make your trading easier and make money easier.
The support near the integer mark of 3000 is definitely relatively strong, which is why I just reminded you not to chase the short there. Now gold has rebounded to the 3017 line.
From the Fibonacci retracement indicator of 3057-3000 points, the 0.618 position is at 3021 and the 0.5 position is at 3028. I think these two points will be the key. If it cannot break through, it will most likely continue to fall. If it can fall below 3000 points, it will most likely look to 2980.
Of course, nothing is immutable. We must also make adjustments based on the actual dynamics of the market. If you don’t know where the best entry point is, you can contact me. I will provide you with accurate trading signals and real-time trading guidance to make your trading easier and make money easier.
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Gold has rebounded to 0.618 position 3021. If it fails to break through here, it will fall again.If you don’t know where to enter the market, you can come to my group to get accurate trading signals
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
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🏆Contact me to copy trading:
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👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.