Gold continued to fall, seeking stability while still bearish

1921 is its important key watershed. Before that, it continuously supported the gold price. This time, it is difficult to touch 1921 after a rebound after breaking the position. This position has changed from an important support level to a resistance level, so it will be severely shorted below it.


Yesterday, the gold waterfall plummeted, and it was difficult to touch the pressure of the gap in the rebound, and it has continuously fallen below the moving average. At this time, the moving average has formed a suppression. Relying on the pressure of the moving average and 1921, short the gold directly at the current price, don't hesitate to go short at 1915, put the stop loss at 1922, and see the new low.


Trading strategy: gold 1915 empty, stop loss 1922, target 1905


The trend is still floating within my analysis, hello traders, please continue to pay attention to my analysis, I wish you a happy life

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