Is gold going to have a big fall?
Gold fell again in the European session. The current trend broke the rising channel and the price rebounded at 2610. In the short term, it will maintain a narrow horizontal consolidation.
2622 short-term resistance above. If this position is broken, gold will fall into a slow rising structure in the short term.
2610 support below. If this position is broken, gold will form a head and shoulders top breaking structure. Test 2588 below.
In terms of operation, it is recommended to sell gold on rebound. Pay attention to the suppression of the 2620-2625 resistance area above.
2622 short-term resistance above. If this position is broken, gold will fall into a slow rising structure in the short term.
2610 support below. If this position is broken, gold will form a head and shoulders top breaking structure. Test 2588 below.
In terms of operation, it is recommended to sell gold on rebound. Pay attention to the suppression of the 2620-2625 resistance area above.
Trade active
Gold fell and rebounded in the short term, with pressure from above in the 2622-265 area.
👍 GOLD SELL🔖2620-2618
🚫 SL 2630
💘TP 2610
💘TP 2605
💘TP 2595
Trade closed: target reached
TP2605 arrived.
Close the order
The current trend has basically confirmed the downward trend. All that remains is to participate in the short order around the trend.
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t.me/+tU_47UhRKa4yMmRh
✔️Real-time analysis of foreign exchange, gold, and Bitcoin
✔️Professional analysis layout
✔️Real-time trading guidance
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.