The current price of gold is 2383 and continues to be short!
Gold has a 30-minute head and shoulders structure. Although the rebound is slightly stronger, it still has not changed the pattern that needs to be adjusted. The current price of 2383 continues to be short!
Gold is still just rebounding now. Yesterday's negative line was at the top, that is, yesterday's opening price was around 2382. The rebound did not break through the resistance overnight, which shows that gold's resistance here is still effective. The current price of 2383 is directly short.
Plan your trade, trade your plan, the market is changing rapidly. Since gold encounters resistance in the short term, there is no need to pursue the bullish trend. Gold is still full of resistance at its high level. It will continue to be short in the afternoon, and we will wait for a correction.
Plan your trade, trade your plan, the market is changing rapidly. Since gold encounters resistance in the short term, there is no need to pursue the bullish trend. Gold is still full of resistance at its high level. It will continue to be short in the afternoon, and we will wait for a correction.
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2383's gold short order was profit-taking. Trading is a picky thing. Not everyone is suitable for this market. When you see an opportunity, you must be decisive, make decisions immediately, look forward and backward, and always hesitate. If you miss the opportunity, you can only take advantage of it. Gold surges higher and falls back, with heavy resistance above. How can you see a rainbow without going through wind and rain?
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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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