Will gold go up again?
Time may not prove many things, but it will definitely let you see through many things. You can see the end at a glance. It is not the life we want. We work hard for it, and we are trying to make our life more possible and give our future more surprises.
"The first button is buttoned wrong, but you don't find out until the last one. Some things are wrong from the beginning, but you have to say it only at the end."
and it has remained hovering around the 2000 mark so far.
From the current hourly chart here you can see:
The current market of gold is the same as the previous wave. It can be seen that the high point of 2032-2020 is decreasing step by step.
At present, the trend line of the hourly chart suppresses the top and is also lowered around 2010.
It's not that this wave of callbacks will definitely go to 2010, and today's opening high is only around 2005, so we can put the suppression point here at 2005-2010.
And as long as it remains at 2005-2010 again, I think the probability of continuing to be short is very high.
And the probability of continuing to break through 1990 is also very high, because if you follow the market in front of the hourly chart, this wave of decline has not ended at all, and it has just begun.
Therefore, in the next mid-line operation, I suggest shorting above 2000, boldly shorting 2005-2010, and defensive stop loss at 2015. The lower target is 1985-1980, followed by around 1965.
XAUUSD GC1! GOLD
"The first button is buttoned wrong, but you don't find out until the last one. Some things are wrong from the beginning, but you have to say it only at the end."
and it has remained hovering around the 2000 mark so far.
From the current hourly chart here you can see:
The current market of gold is the same as the previous wave. It can be seen that the high point of 2032-2020 is decreasing step by step.
At present, the trend line of the hourly chart suppresses the top and is also lowered around 2010.
It's not that this wave of callbacks will definitely go to 2010, and today's opening high is only around 2005, so we can put the suppression point here at 2005-2010.
And as long as it remains at 2005-2010 again, I think the probability of continuing to be short is very high.
And the probability of continuing to break through 1990 is also very high, because if you follow the market in front of the hourly chart, this wave of decline has not ended at all, and it has just begun.
Therefore, in the next mid-line operation, I suggest shorting above 2000, boldly shorting 2005-2010, and defensive stop loss at 2015. The lower target is 1985-1980, followed by around 1965.
XAUUSD GC1! GOLD 
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