Gold surged higher, fell back and stabilized, more than 2382
Affected by the risk aversion sentiment, gold rose by more than 40 US dollars in the short term. Once the risk aversion was over, the gold price returned to its original level. The two waves of market movements were very large, and we also made a small profit during the period!
From the current market point of view, gold has basically stabilized the support of the lower trend line after falling back, and from a technical point of view, after gold broke through the previous high suppression level of 2397, the upper pressure plate was released! There is no pressure on the short-term top, and bulls will continue to dominate the existing trend. We execute our long plan at 2382, and currently have long positions!
From the current market point of view, gold has basically stabilized the support of the lower trend line after falling back, and from a technical point of view, after gold broke through the previous high suppression level of 2397, the upper pressure plate was released! There is no pressure on the short-term top, and bulls will continue to dominate the existing trend. We execute our long plan at 2382, and currently have long positions!
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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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