In the past three weeks, gold has been oscillating in the 1970-1930 area. Within this range, 1940, 1955, and 1969 have been tested repeatedly.
Yesterday’s closing price was around 1958, which is considered to have broken through the resistance of 1955. However, in the 1h chart, the form of MACD is at a high level, with a downward trend, and the K-line arrangement has a head-and-shoulders trend.
So in yesterday's trading, after the end of the short trading in 1961 and 1960, my strategy is still to short at high positions. Because if it forms a head and shoulders top pattern, then it must fall below 1950.
Trading Signals:
sell: 1958-1963
tp:1953-1938
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I update my transaction in the channel
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It arrived at our expected point perfectly
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Do you think it can break below 1910?
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Today, the strategy I give is 1913-1945, it has reached 1913 now, and now, it will form a small bottom in the 1913-1907 range and start to rebound
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it's trying to build the bottom
