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The gold weekly level has formed a "big positive resistance line" pattern, and we are firmly bearish this week. Judging from the 30-minute chart, 2364 was blocked in early trading, and a downward trend has been formed here. In addition, if it is going to fall sharply, it will not give you an ideal short-selling opportunity. The decline may start in advance. If you are too entangled in the position, you will just stare blankly.
Therefore, in terms of operation, it is not recommended to make any long orders for gold this week. Focus on the two pressures of 2364 and 2378. It is recommended to actively place short orders. The lower target this week will be around 2300.
Hope you will like my analysis
The gold weekly level has formed a "big positive resistance line" pattern, and we are firmly bearish this week. Judging from the 30-minute chart, 2364 was blocked in early trading, and a downward trend has been formed here. In addition, if it is going to fall sharply, it will not give you an ideal short-selling opportunity. The decline may start in advance. If you are too entangled in the position, you will just stare blankly.
Therefore, in terms of operation, it is not recommended to make any long orders for gold this week. Focus on the two pressures of 2364 and 2378. It is recommended to actively place short orders. The lower target this week will be around 2300.
Hope you will like my analysis
Trade active
The downward channel has been openedTrade active
Gold's decline is very stableTrade active
My analysis is correct, gold will soon reach 2350Trade active
The take profit position of 2350 is about to be reachedTrade active
First win this week, congratulations everyoneTrade closed: target reached
2350TPTrade active
Today I said that this week will mainly be down. Ladies and gentlemen, am I right?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.