Gold goes short first and then long

Jun 19, 2023

Gold, under the influence of interest rates last Thursday, broke down to around 1925 and then bottomed out. It also directly broke the previous support line of 1930. Of course, it was just a puncture. This action will also be related to the long-short operation in the later period. As the saying goes, if you don't break, you can't stand, and this action was also used as an upward movement on Thursday night. Unfortunately, it did not continue on Friday, so we can directly and simply judge that the bulls in the short term still do not have the motivation to break up. The upper support will also continue to be maintained at the 70 line, which is also an important suppressive position related to the later breakthrough of the bulls, while the lower support will continue to be maintained at the 1950 line, the position of the middle track of the daily line will form a suppression, and the hourly line will continue. In the negative form, we will focus on shorting gold this week


Gold as a whole is still in a downward channel, the k-line has always been in a downward trend, especially the downward trend of the upper edge, the k-line has been running within the orbit, and the upper shadow line is also continuously closed, and the high point is constantly decreasing. Short form, the upper resistance level has been strong around 1970, which is also a historic resistance, 1950 is short, it is expected that there will be a four-point back step, and you can go long after the back step

Jun 19, 2023

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The trend of gold is as we expected, want to know how to trade please come

Jun 19, 2023

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Jun 20, 2023

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Jun 20, 2023

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