The current price of gold is 1950, short, bearish! Gold is now on a downtrend, and the next step is to break through 1940, and look at the 1930 line!
Gold is now in a fluctuating downward trend, the highs continue to decrease, and the lows continue to move down! Although it gapped and opened high in early trading today, there was no continuity and the rebound was insufficient! And on the hourly chart, the pressure of 1955, where Bollinger's upper rail coincides with the moving average, will become an important resistance for this rebound!
The European market relies on the pressure position to short and bearish. The current price is 1950 and it is directly short. If it rebounds and cannot break through 1950, you can continue to cover short positions, and the bearish position remains unchanged!
Gold is now in a fluctuating downward trend, the highs continue to decrease, and the lows continue to move down! Although it gapped and opened high in early trading today, there was no continuity and the rebound was insufficient! And on the hourly chart, the pressure of 1955, where Bollinger's upper rail coincides with the moving average, will become an important resistance for this rebound!
The European market relies on the pressure position to short and bearish. The current price is 1950 and it is directly short. If it rebounds and cannot break through 1950, you can continue to cover short positions, and the bearish position remains unchanged!
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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
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.