Gold falls below trendline support, ready to sell high
After three consecutive trading days of sharp rises, the price of gold is currently facing a historical high of nearly 2145. The rise has slowed down. The daily line has closed out of the upper shadow line. The one-hour market has entered a stage of shock adjustment. , it doesn’t matter whether it is an adjustment to continue the upward attack or a reversal. Today, you just need to follow the idea and rebound to 2132 to sell!
The current moving average is still a golden cross, but the gold price has already fallen below the trend line support. The strong momentum will weaken in the short term, and a fall is inevitable. However, the current price of 2127 is still in a relatively embarrassing stage, and the top is facing 2134 , 2141 and 2145 pressure levels, the current price is neither chasing long nor going short. We will wait until it rebounds to the first pressure level near 2134 before considering selling!
The current moving average is still a golden cross, but the gold price has already fallen below the trend line support. The strong momentum will weaken in the short term, and a fall is inevitable. However, the current price of 2127 is still in a relatively embarrassing stage, and the top is facing 2134 , 2141 and 2145 pressure levels, the current price is neither chasing long nor going short. We will wait until it rebounds to the first pressure level near 2134 before considering selling!
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