Gold trading recommendations today
Updated
The current decline of gold continues, the rebound is not the previous consolidation pressure in 1940, and 1937 continues to be short, bearish!
The 1-hour level of gold has already fallen below the previous support of the broader market, but this time the breakout is different from the previous two times. The previous two breakouts were followed by a rapid pull-up of the Dayang line and returned to the inside of the range! Although the Dayang line also pulled up yesterday, it did not return to the range, so it was a rebound after breaking the position, which belongs to the confirmation market of breaking the position!
The decline has been established, and the pressure of the high point of the rebound at 1937 is the short point to continue to go short! Let's pay attention to whether 1920 has fallen below. Today, Thursday, is it black?
Trading straregy:
gold: sell@1937 tp1:1920 tp2:1900
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
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Trade closed: target reached
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