If gold does not recover 3350, continue to short

With the U.S. market closing early on Friday, the market is expected to lack momentum and gold will find it difficult to rise or fall sharply. Let me first state the conclusion and then give the analysis. The maximum range of gold on Friday is expected to be 3310-3350. You can go long at high and short at low within this range. Technically, the daily line closed negative on Thursday. In fact, the rise of the daily line cycle has not been completed. At least 3365 is just the middle price, and there is no effective increase in the long position. There are still 3400 and 3430 above. Therefore, if the bulls can't get out this week, it depends on the strength of next week. The range in the 4-hour chart is very obvious. This week, it rose for three consecutive days, and it fluctuated on Thursday. Bollinger closed. The support below is 3310, and the upper pressure is 3365. Conservatively speaking, the upward momentum will not be so great. Seeing 3350 is the limit. Today, the high probability range is 3310-3350. Charlie recommends high-short and low-long during the day. Short sell when the rebound touches 3340. . . .

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Charlie_Analyst

Senior Market Strategy Analyst | CFA® Charterholder | Builder of a Million Member Profit System. To join, please click 👉🚀🚀t.me/EagleEyePrecisionAnalysis
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Charlie_Analyst

Senior Market Strategy Analyst | CFA® Charterholder | Builder of a Million Member Profit System. To join, please click 👉🚀🚀t.me/EagleEyePrecisionAnalysis
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