Bearish trend, sell on highs
Gold surged and fell on Friday. From the chart, the price fell sharply on Thursday. The price fell below the upper line and the acceleration line. There was a short-term signal of turning short. The auxiliary indicator MACD formed a dead cross at a high level. It is currently suppressed by the moving average. 2750 can be shorted under pressure!
Gold surged and fell last week. Gold began to weaken. The rebound is to continue to give shorts opportunities. Gold surged and fell in the last two days of last week. There is still room for shorts. The 1-hour moving average of gold has formed a downward dead cross. The 1-hour falling space of gold has also opened. The resistance of the gold moving average has moved down to 2757. You can continue to short at highs below 2757 in the Asian session. You can try it near 2750 first.
Trading strategy:
2718~2757 range sell high and buy low.
First support: 2730, second support: 2718, third support: 2700
First resistance: 2747, second resistance: 2763, third resistance: 2775
Gold surged and fell last week. Gold began to weaken. The rebound is to continue to give shorts opportunities. Gold surged and fell in the last two days of last week. There is still room for shorts. The 1-hour moving average of gold has formed a downward dead cross. The 1-hour falling space of gold has also opened. The resistance of the gold moving average has moved down to 2757. You can continue to short at highs below 2757 in the Asian session. You can try it near 2750 first.
Trading strategy:
2718~2757 range sell high and buy low.
First support: 2730, second support: 2718, third support: 2700
First resistance: 2747, second resistance: 2763, third resistance: 2775
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