Gold continues to be bearish on Monday
Updated
Let’s continue to look at the 1903 line. We will look at the 1903 line on Friday, but unfortunately the breakthrough is not strong enough, or the energy to build momentum is insufficient. We will definitely reach this target today.
The gold four-hour line is obviously in a short position, especially on Friday when it rebounded to around 1930, and then the negative line fell, directly breaking through below 1920, and it also clearly closed the upper shadow line. The large negative line continued to fall, and the 50 moving average moved upward. Press the pause button, and it is obviously moving downward. This kind of top Yin line engulfing the Yang line must be short. The short orders from 1928 to 1926 continue to be successful.
Operation strategy: short gold at 1928, stop loss at 1935, target at 1903
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