Gold reverses, the market outlook is kan'k
Updated
Judging from the hourly trend, the market outlook is bearish. In the absence of news stimulation, only shocks can brew unilaterally. Today's trend has been perfectly verified. The price quickly broke through the shock range and continued to run in the original direction. A new round of space opens below. Our recent operation ideas will be based on high altitude, with a firm goal of looking at the integer mark of 1900!
Judging from the four-hour pattern, since late August, the current upward trend has formed a spire shape. The bullish trend has ended, and shorts will dominate the market outlook! Driven by the breaking of the hourly shock trend and the head and shoulders top of the four-hour line, it is only a matter of time before the price reaches the 1900 integer mark. In the evening, the price rebounds to the 1915 line and directly places short orders. The rest is to stick to our short orders and wait for the market situation. Cash in on profits after plunging!
Trading strategy: short gold at 1915, stop loss at 1923, target at 1900
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