Gold's downward trend, rebound is an opportunity for Sell
Yesterday, our gold, crude oil, and EURUSD all successfully reached TP. We hope that the last trading day of this week can close perfectly.
Gold rebounded weakly in Asia and Europe today, and the strength of the rebound was limited. Overall, it is still in a bearish trend. As long as it rebounds, it will give Sell an opportunity.
Gold has fallen from its high this week, with the decline reaching $125. We should not try to chase the short position, but wait patiently for a rebound before selling. It is normal for a rebound to occur if the price falls too much, but as long as the trend has not changed, our strategy will not change.
From the 1-hour gold price chart, we can see that the moving average crosses downwards and the opening is gradually widening. Therefore, I think the decline of gold has not stopped yet. The rebound of gold is a paper tiger. The rebound near 2340 continues to fluctuate and cannot effectively break through. So what are you waiting for? ? Sell directly.
Gold rebounded weakly in Asia and Europe today, and the strength of the rebound was limited. Overall, it is still in a bearish trend. As long as it rebounds, it will give Sell an opportunity.
Gold has fallen from its high this week, with the decline reaching $125. We should not try to chase the short position, but wait patiently for a rebound before selling. It is normal for a rebound to occur if the price falls too much, but as long as the trend has not changed, our strategy will not change.
From the 1-hour gold price chart, we can see that the moving average crosses downwards and the opening is gradually widening. Therefore, I think the decline of gold has not stopped yet. The rebound of gold is a paper tiger. The rebound near 2340 continues to fluctuate and cannot effectively break through. So what are you waiting for? ? Sell directly.
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The fluctuations in the gold market today are too slow and have always been in a narrow range. My order has been closed. Compared with the three TP signals yesterday, the profit is not much, but it can be considered a successful end to this week. We'll continue next week
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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.