XAUUSD: The downward trend remains unchanged, continue Sell
This week, we insisted on selling when gold rebounded, and the effect was very good. Yesterday, it fell below the support of 2318 and fell to 2305. Our strategy of selling at 2332 made a good profit.
Today is no exception. We continue to sell when it rebounds, with targets of 2300 and 2290.
Technical analysis: From the 1-hour gold chart, we can see that the current moving average is a short-term arrangement with a death cross downward, and it has just fallen below the support, and the downward space is further opened. Therefore, the rebound is a selling opportunity. Today, I will choose to sell near 2318 and set up two TPs, 2300 and 2290 respectively. I wish you all good luck.
Today is no exception. We continue to sell when it rebounds, with targets of 2300 and 2290.
Technical analysis: From the 1-hour gold chart, we can see that the current moving average is a short-term arrangement with a death cross downward, and it has just fallen below the support, and the downward space is further opened. Therefore, the rebound is a selling opportunity. Today, I will choose to sell near 2318 and set up two TPs, 2300 and 2290 respectively. I wish you all good luck.
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