GOLD: Sell on high resistance at 2160 points
Updated
Gold closed at 2157 yesterday, but still failed to stand above the daily downward channel trend line 2162. The downward channel is running well, the 5-day moving average and the 10-day moving average are diverging downward, and the MACD fast and slow lines are about to form a dead cross state. Gold yesterday afternoon The lowest fell back to the 2146 line and rebounded again. It is currently at the 2160 line. I personally believe that gold has rebounded again to confirm the trend pressure of the daily downward channel. It is ushering in the fourth wave of decline. Remember that as long as the daily moving average and MACD form a dead cross simultaneously, the daily line The downward channel is strong at the 2162 line. Today, we will continue to sell on highs based on the 2160-2163 range.
gold:sell2158-2163
tp:2155-2150
sl:2168
Note
The 1-hour moving average of gold continues to be arranged downward by bears, and is still suppressed by the 1-hour downward trend line. The 1-hour resistance point of gold is near 2160.Note
Gold is close to the target point and you can start sellingNote
The strategic goal is gradually becoming clear. If you sell at the resistance point of 2158, you will most likely make a big profit.Note
The strategy is accurate, tp2155. If you follow the instructions and sell near the high of 2160, you will make a big profit.
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