Golden two-game winning streak, more declines continue!
Yesterday, we achieved two consecutive victories in gold, first short and then long. Gold is still bullish overall, and it continued to fall back to the long trend in early trading.
Gold bottomed twice in 30 minutes near 2362 and the support stabilized and rose. Today it stepped back on the 2362 support and stabilized and continued to do more. Gold's long-term moving average is supported near 2370. If it steps back near 2370, it can increase first. However, recently, the gold market is no longer as unilaterally strong as before, and there are signs of weakening at any time. When it is high, it is still prudent to pursue the long position and wait patiently for a pullback.
The thing that can convince a person is never the truth, but the southern wall; the thing that can enlighten a person is never the preaching, but the suffering. The market is changing rapidly, and it is important not to think in a single way. We are never long or short. At this moment, have you suddenly realized that we cannot change the market, so we must change ourselves. Smart people often like to take advantage of others, while stubborn people still struggle with heavy burdens while wandering. Which type of person are you?
The thing that can convince a person is never the truth, but the southern wall; the thing that can enlighten a person is never the preaching, but the suffering. The market is changing rapidly, and it is important not to think in a single way. We are never long or short. At this moment, have you suddenly realized that we cannot change the market, so we must change ourselves. Smart people often like to take advantage of others, while stubborn people still struggle with heavy burdens while wandering. Which type of person are you?
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It is about to rebound to 2214, and short orders are about to be entered.
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After a unilateral surge that lasted for nearly 2 months, gold finally ushered in the long-awaited deep correction this week. So far, gold has dropped nearly 140$ from its historical high, which has increased the trend of gold. The probability of the sex turning negative. Judging from the 4H pattern, gold has clearly fallen below the previous upward trend line. There is a high probability that gold has formed a trend reversal, and there is a high probability of a short market in the future.
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