4.28 Gold Analysis
Historically, the price of gold has experienced extremely exaggerated ups and downs. Nowadays, a simple dive may drop dozens of points. This is the market. The market is always right. What we need most is to respect it, not to blindly look at it subjectively. Surviving in such a huge market is the most important thing.
Last week, the weekly line closed in a large tombstone pattern, the weekly top appeared, and the air force appeared. It is expected that the gold price will pull back to around US$3,000 in May.
The overall trend is bearish, short at high points.
SELL:3290
SL:3300
1TP:3260
Control positions and stop losses, set stop losses strictly, and do not resist single operations.
I hope my analysis can be helpful to you, thank you.
Historically, the price of gold has experienced extremely exaggerated ups and downs. Nowadays, a simple dive may drop dozens of points. This is the market. The market is always right. What we need most is to respect it, not to blindly look at it subjectively. Surviving in such a huge market is the most important thing.
Last week, the weekly line closed in a large tombstone pattern, the weekly top appeared, and the air force appeared. It is expected that the gold price will pull back to around US$3,000 in May.
The overall trend is bearish, short at high points.
SELL:3290
SL:3300
1TP:3260
Control positions and stop losses, set stop losses strictly, and do not resist single operations.
I hope my analysis can be helpful to you, thank 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.
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.