Gold since yesterday's bottom rebound is currently in the high sideways oscillation, yesterday's decline in the process we can clearly see that the bulls continue to increase positions resulting in a wave of rebound, at present we have obvious signs of shipment during the high sideways shock, indicating that the market will have a wave of downward adjustment action, short-term below we focus on the support around 1955-1950, very likely to rebound below the support level, short-term we can first short, to the lower support level and then look for opportunities to go long
Gold Trading Strategies:
gold:sell@1965-1968 tp1955-1950
gold:buy@1950-1947 tp1960-1965
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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.