Gold maintained a volatile trend yesterday. The market seemed unshakable, but it was actually accumulating energy to prepare for the non-agricultural event tonight. In the short term, the decline in gold prices encountered resistance, and the support effect at the bottom near 1930 was significant. In the short term, it is bullish, and TP looks upwards The pressure bit of 1951!
It can be seen from the shape that gold has lingered for a long time between 1932-1939, and the bottom 1929 is an important support level for the 0.618 retracement of the rising market at the end of June. The price will inevitably rebound here, and the price of gold seems to fluctuate and fall , in fact, it is the end of the market, and it may break through 1939 at any time and then violently pull up! Although the short-selling has been winning repeatedly some time ago, it is time for the short-sellers to get out of the pot temporarily. Today, the Asian-European market is bullish in the short-term. The price fell back to around 1929 and went long directly. The target is 1951!
It can be seen from the shape that gold has lingered for a long time between 1932-1939, and the bottom 1929 is an important support level for the 0.618 retracement of the rising market at the end of June. The price will inevitably rebound here, and the price of gold seems to fluctuate and fall , in fact, it is the end of the market, and it may break through 1939 at any time and then violently pull up! Although the short-selling has been winning repeatedly some time ago, it is time for the short-sellers to get out of the pot temporarily. Today, the Asian-European market is bullish in the short-term. The price fell back to around 1929 and went long directly. The target is 1951!
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We place a limit order at 1932 and close it at TP1945, full of profits
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If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
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👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.