As expected, gold rebounded today, reaching a high of around 2743, and then the price fell again. The shorts who entered at high levels made profits again, and everyone made good profits.
The current price is still falling, and the upper resistance is dense. Shorts seem to have become the focus of short-term trading.
From the perspective of pattern construction, there are signs of head and shoulders. If it is formed, then falling below 2700 will become inevitable. 2718-2712 is the support area that needs to be paid attention to.
The current price is still falling, and the upper resistance is dense. Shorts seem to have become the focus of short-term trading.
From the perspective of pattern construction, there are signs of head and shoulders. If it is formed, then falling below 2700 will become inevitable. 2718-2712 is the support area that needs to be paid attention to.
Trade active
The price returns to the support range again. If it falls below and the head and shoulders pattern is successfully constructed, a sharp decline will occur.Trade active
The market is basically consistent with our expectationsTrade active
After touching the resistance, it starts to fall, and sell to make a profit again
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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.