Gold once again has a chance to catch a rebound
Updated
In the end, Golden Friday chose to pull back in case of resistance, and it was a straight pull back!However, the overall pattern of gold has not changed. Today, relying on the support of 1940, it is much lower and bullish, and the pressure above is still focused on the 1980 line!
From the trend point of view, gold has fallen from the 2080 position to the 1930 position, and the decline structure has been completed, which indicates that the decline has ended!Previously, we were not sure whether gold would directly reverse and rise or maintain a large range of volatility at the bottom. The key pressure above is 1980!
On Friday, the market did not break through 1980, but directly fell back. Now the trend is clear, gold will build a large bottom consolidation area in the 1930-1980 range, and it is a wide-range volatile trend!
It is normal for the volatile market to rise sharply in one day and fall sharply in one day. Therefore, we will not kill the market because of the sharp decline in the market on Friday. On the contrary, today we rely on the support of 1940 to be much lower and bullish, and there is a high probability that it will rebound to the 1980 line again!Go back and forth in the interval until a new direction appears!So for the next period of time, we will treat it with a high-throwing and low-suction shock idea!
The idea is just a reference, and it is not always the same. It will be updated in time when there are new situations. Novice friends, if you want to learn trading skills or want to make a profit in the market, you can enter the channel.
From the trend point of view, gold has fallen from the 2080 position to the 1930 position, and the decline structure has been completed, which indicates that the decline has ended!Previously, we were not sure whether gold would directly reverse and rise or maintain a large range of volatility at the bottom. The key pressure above is 1980!
On Friday, the market did not break through 1980, but directly fell back. Now the trend is clear, gold will build a large bottom consolidation area in the 1930-1980 range, and it is a wide-range volatile trend!
It is normal for the volatile market to rise sharply in one day and fall sharply in one day. Therefore, we will not kill the market because of the sharp decline in the market on Friday. On the contrary, today we rely on the support of 1940 to be much lower and bullish, and there is a high probability that it will rebound to the 1980 line again!Go back and forth in the interval until a new direction appears!So for the next period of time, we will treat it with a high-throwing and low-suction shock idea!
The idea is just a reference, and it is not always the same. It will be updated in time when there are new situations. Novice friends, if you want to learn trading skills or want to make a profit in the market, you can enter the channel.
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