XAUUSD: Gold’s decline has come to an end, 1815 lows are bullish
Updated
Although the data for gold were negative yesterday, the market did not continue to reach a new low, which also proved what was said yesterday that the market will start to fluctuate and adjust! If the weak is no longer weak, it will turn strong. Gold is still bullish at low prices today. Go long at 1815!
It can be seen from the 4-hour trend of gold that it has been declining before, and the strength of the rebound is very small! Each rebound encounters resistance from the Bollinger Band mid-rail pressure for 4 hours and then begins to fall. However, the market has begun to change in the past three days. Although it is still subject to the suppression of Bollinger's middle track, it no longer breaks new lows!
When things go awry, there must be a demon. Today's strong decline can hardly continue to a new low, which means that the market is about to change! And today is the day when the big non-agricultural data is released. With the right time, right place and right people, the market can turn around at any time! The low-long position started in early trading, and the upper pressure continued to focus on 1833. If it breaks through, the rebound will be established!
It can be seen from the 4-hour trend of gold that it has been declining before, and the strength of the rebound is very small! Each rebound encounters resistance from the Bollinger Band mid-rail pressure for 4 hours and then begins to fall. However, the market has begun to change in the past three days. Although it is still subject to the suppression of Bollinger's middle track, it no longer breaks new lows!
When things go awry, there must be a demon. Today's strong decline can hardly continue to a new low, which means that the market is about to change! And today is the day when the big non-agricultural data is released. With the right time, right place and right people, the market can turn around at any time! The low-long position started in early trading, and the upper pressure continued to focus on 1833. If it breaks through, the rebound will be established!
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Our strategy was very correct today. The idea of falling first and then rising was performed perfectly. Congratulations to all friends who followed the transaction.
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