Gold has done an effective backtest. The daily-level long-short dividing point and the hourly-level long-short dividing point coincide. After the price runs to the Fibonacci effective backtesting level, it basically follows a secondary uptrend. The line is moderate, and this is the point of entry for the strategy.
Comment:
The situation is very unfavorable for the bulls. Inside the new structure on the right, the continuous decline yesterday has been corrected. Now the price has appeared a relatively obvious second break. My short-term long order has been protectively stopped (I entered long at 66, and the stop loss was moved up to 64.5 after hitting the intraday high at 62.5) and still holding the original basic position. A long-short switch is coming soon. If this more than one can stay. Then the price may not move up by too little.
Comment:
Long stop loss