XAUUSD:go short now
Gold experienced a dip yesterday, and the daily closing line formed a small negative line. After exploring the 1935 line, it was suppressed, and the key resistance level of 1938-1940 failed to break through. The market is still in a see-saw market, and the slow rebound is facing important resistance. As long as the gold price fails to break through the 1938-1940 resistance point, it may fall back again in the short term. Yesterday's rapid conversion and retreat indicated weak market sentiment. Although the daily entity was small, the room for retracement broke the slow consolidation at the beginning of the week. Gold prices fell below 1920 again, showing a weak operating trend. At present, the daily line is still in the shock correction within the range, waiting for the direction of breakthrough.
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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.