The analysis in my previous post was all correct and a nice gain. Combined with the current situation, if gold cannot fall below 1890 before Friday, gold will rebound next week.
Major U.S. stock indexes closed sharply lower on Tuesday. Market concerns about demand in Asia increased. These will lead to a shock process in crude oil. According to the current transaction, shorting around 81.5 is feasible. TP80.3. If crude oil does not fall below 78 this week, there will be a rebound next week. Overall it's still down.
With the continued strength of the US dollar, gold is still facing tremendous pressure. Gold will fall to 1900, or even below 1880. Gold will fall below 1900 today.
Last week saw a sharp move up from both support and resistance levels. Also as I said before this is unsafe and a red flag. On the first day of this week, WTI has fallen from 83.1 to 82.42, which also demonstrates my analysis last week. There may be a new support level around 82.2, but our target is still at 80.5. Invest rationally and get more signals.
The support and Resistance levels of gold are constantly falling. This situation will continue. In my previous post, I also talked about "the US index is strong and suppresses gold". Last week, gold continued to be short and won a good profit. Still bearish this week, 1900 is our target.
Gold continues to show a downward trend of highs and lows, and the risk of gold trend is still inclined to the downside. The short trend has not changed, and the rebound is just to lure more. Waiting to short 1900.
Gold continues to look low, and it is not ruled out that it will fall to 1900. According to our post last week, my goal is to fall to 1920 this week. According to the current US interest rate and non-agricultural situation, it will fall below 191X.
The US inflation report can provide important information reports for gold. Gold may shine brighter after inflation data falls short of market expectations. However, the United States has been in the stage of resistance now, so gold will continue to fall. Our target can be placed in 1915.
In my previous posts, I said many times that gold will continue to fall. The break below 1914.64 yesterday also validates my previous analysis. As far as the current form is concerned, gold will fall to 190X. Most of the time it will fluctuate between 1920-1930. I hope you enter with caution.
As I said yesterday, despite the slowdown in US inflation, the economic performance is still strong and the DXY continues to rise. In this case, the trend of gold will continue to decline. It will continue to hover in the 1939-1935 range. The latest week is expected to reach 1920. Welcome to express your views and comments. Don't forget to like me.
The 1-hour pressure level of gold is 1938.00, and the 4-hour pressure level is 1943. Short-term investors can leave the market with a swing profit of 5-6 US dollars. Gold--- Short around 1938, target 1930-1932
Yesterday the lowest price was at 1931.36, and the highest rose to 1946.56 How to operate the market today. 1932-1934 buy long, target 1945.
XAUUSD. Now there is an obvious downward trend of shocks, the highs continue to decrease, and the lows continue to move down! US inflation slowed but economic growth remained strong. This is bound to lead to a short-term decline in gold. BUY 1944 TP 1925-1930 SL 1952