Gold turns from rising to falling, ready to sell at high level
Updated
Yesterday, our direction was bullish, and we bought at 2315, successfully winning TP1:2325 and TP2:2330. Today, the price of gold began to continue to fall. The short-term energy has become stronger in the short term, and we need to change the direction to bearish.
Judging from the one-hour chart, the lows are now constantly being refreshed, and it has also fallen below the support of the 30-day moving average at 2320 and pierced the support of the 60-day moving average at 2311. The short-term is still in a downward trend! Looking at the overall trend, gold failed to stand firm after breaking through the high of 2330, so today's strategy is mainly to sell high!
At present, the gold price has rebounded, and I think Sell’s opportunity has come.
Judging from the one-hour chart, the lows are now constantly being refreshed, and it has also fallen below the support of the 30-day moving average at 2320 and pierced the support of the 60-day moving average at 2311. The short-term is still in a downward trend! Looking at the overall trend, gold failed to stand firm after breaking through the high of 2330, so today's strategy is mainly to sell high!
At present, the gold price has rebounded, and I think Sell’s opportunity has come.
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Today's market fluctuations are very slow, and the direction and strategy are very correct. Compared with yesterday's huge profit, today's profit is not too much, but overall it is still good. That's it for today, we will continue tomorrow
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