The current price is suppressed in the 1930 mark area, and the process is still sweeping. It is not a unilateral market, which means that even if gold rises, it needs to squat down, step back to confirm the support, and then form a sprint action to bottom out and rise.
The support point of stepping back needs to be focused on the 1914-1913 area along the trend line. Use this as a support defense to see that the price confirms the support again to form a bottoming out action, and then look for the area near the high point 1937-1938 to break through Look for the trend line pressure 1943-1945 range on the station
Therefore, the arrangement for today's gold is the idea of emptying first and then buying. With 1930 as the suppression, look for support in the bearish 1916-1914 area. Currently, you have already held an empty order at 1930, and you can continue to hold it;
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Gold oscillates around 1932Trade active
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Gold profit 7 pipsTrade active
Gold empty orders have taken profit, and then start trading another signalTrade active
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Both gold orders have been profitableTrade active
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The gold long order has been profit-filled, and the short order has begunTrade active
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Gold empty orders have made a profit of 4 pointsTrade active
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Gold 1920 is long, has made a profit of 5 US dollars
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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.