Gold has peaked in the short term and is waiting to rebound to Sell near 2358.
There is still a lot of room for gold to fall. Driven by risk aversion last Friday, it did not rise as unstoppably as before. Instead, it surged higher and then fell. This has indicated that the gold bulls have ended and the short-term is controlled by the short-term, so If it rebounds to around 2358 today, you can sell.
The market is changing rapidly and is confusing. Sometimes we cannot be fooled by the illusion in front of us. Only by not being afraid of the clouds blocking our eyes can we see clearly behind the market.
There is still a lot of room for gold to fall. Driven by risk aversion last Friday, it did not rise as unstoppably as before. Instead, it surged higher and then fell. This has indicated that the gold bulls have ended and the short-term is controlled by the short-term, so If it rebounds to around 2358 today, you can sell.
The market is changing rapidly and is confusing. Sometimes we cannot be fooled by the illusion in front of us. Only by not being afraid of the clouds blocking our eyes can we see clearly behind the market.
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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.