Looking at the daily line of gold at present, the lower support should be around 1965, which happens to be at the ma30 moving average.
And we can see the trend from 1808 to 2048, and the 618 split position is exactly at 1955.
Therefore, the current important support interval threshold of the daily line should be here at 1965-55.
And we can see from 4 hours:
The support of the lower trend line is also here at 1965-68, so I think the first drop to 1965-68 will definitely be repeated again
Trading straregy:
1990-2000 Sell
TP: 1970-1965
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The decline has already started, there is no Sell yet, hurry upTrade active
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XAUUSD: 1993-1995 SellTP1:1980
TP2:1970
Note
Gold is going to fall below 2700 points.
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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:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.