wealth-freedom-Lord

Gold 1938 continues to be empty

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar


From the perspective of the daily line pattern, after the rapid rise in the U.S. market, the price successfully stabilized above the key pressure level of 1924, reaching the highest point of 1938. The market has opened a new round of space trends. The intraday support focuses on the first-line support of 1924, and the upper pressure When the position reaches 1948, the data is just a laugh. Although it is a good trend for the bulls, but the rapid rise will definitely fall back and adjust. In the early trading, it will be short at 1936. When the price reaches the vicinity of 1924-1926, it will go long directly!

The hourly line trend shows a volatile upward pattern, the high point is constantly setting new highs, and the low point is constantly rising. At present, with the changes in the market, the support of the trend line has moved up to around 1916, and the support of the moving average has come to around 1926 , the price deviation from the current price of 1936 is too large, and the probability of stepping back on the moving average within the day is very high. I think today's overall trend will continue to rise after shocking down and adjusting, and the bulls will rise after they get a foothold.

The U.S. market focuses on the small non-agricultural market. If there is no accident, there will be no other redundant trends in the European market except for the callback. We need to take the empty order of 1936 with peace of mind. There is no shortcut to the transaction, and there is no background. Floating losses and messing up your mind, let go of your timidity, adjust your mentality, the end of the transaction will always be the next order!
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