Gold short this week
To those who asked me, why does gold want to go down, why does it complete my thirties and possibly my seventies? The first thing that had strong support was retested 3 times and was broken the fourth time and turned into resistance. Currently it has retested and from then on we will go down. Thirdly, the Fed’s speeches are strict and say that we will not reduce the interest rate in The current time and the number of reductions this year have decreased from 6 times to only 2 times, according to what the Federal Bank said. The two-year, five-year, and ten-year treasury bond index is very high. This is what gives strength to the dollar and weakness to gold in the coming period, and I see the target as 1960 initially.
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