11.18 Russia-Ukraine Conflict Gold US Market Analysis and Operat
The current heavy pressure area of gold is concentrated in the 2600-2620 area. The market is volatile and the position of the card point may not be very accurate, but it does not affect the judgment and grasp of the rhythm. After the rapid decline last week, gold continued to fluctuate sideways without breaking a new low. The essence of the rebound is that there will be further declines, and gold has not bottomed out in a large cycle. Therefore, the next 2600 mark is another opportunity to arrange short orders, rather than chasing longs. The daily chart is still short, so after the short-term rebound is in place, it will start a new low decline. Even if it does not break a new low, it will fall back again to bottom out.
SELL: 2598 2602 Stop loss: 2608 2612
$1: 2585
$2: 2575
$3: 2560
SELL: 2598 2602 Stop loss: 2608 2612
$1: 2585
$2: 2575
$3: 2560
Senior gold analyst who has been engaged in gold, US dollar, and oil trading for 12 years. Join me and I will lead my team to help you become a professional trader and expand your assets.
t.me/divedgold123
t.me/divedgold123
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.