Today's opening fell directly, and tested 3206 yesterday's low again. The more it tests, the greater the probability of breaking. Focus on the pressure of 3222-3232 during the day, the watershed is 3240, the target is 3190-3170, and the support is 3154-3120! Before the real big drop, it may be accompanied by the rise of the five-minute K line, up and down washing, which needs to be noted.
As long as the European market is not strong, it can still be short; if the European market weakens, it will be short for the second time, but pay attention to the timing and beware of rebound.
Finally, I would like to emphasize that the current decline in gold does not affect the long-term bullish direction. The US dollar index will continue to weaken and enter a downward cycle. It is only a matter of time before the US Reserve cuts interest rates, so the bull market of gold is still there, there is no doubt about it. It's just that the abnormal surge in April will always have some corrections. The market needs to cool down and return to rationality. The price base is high and the increase is large, so the correction range must be large, so look at it rationally.
As long as the European market is not strong, it can still be short; if the European market weakens, it will be short for the second time, but pay attention to the timing and beware of rebound.
Finally, I would like to emphasize that the current decline in gold does not affect the long-term bullish direction. The US dollar index will continue to weaken and enter a downward cycle. It is only a matter of time before the US Reserve cuts interest rates, so the bull market of gold is still there, there is no doubt about it. It's just that the abnormal surge in April will always have some corrections. The market needs to cool down and return to rationality. The price base is high and the increase is large, so the correction range must be large, so look at it rationally.
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t.me/+WYSalPEhDtljZDNk
100% accurate trading signals
Free trading strategies
100% accurate trading signals
Free trading strategies
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.