Gold 1960 waterfall plunged, gold 1945 continued to be short
Gold 1960 was shorted yesterday, and it only plummeted by 20 US dollars. It is a little regrettable, but the turning point is the Fed’s interest rate decision.
Why did the price of gold plummet instead of raising interest rates? This is the typical message model. Everyone is certain that there will be no interest rate hike. Moreover, the CPI has plummeted. The news is to buy expectations and sell facts, so the price of gold is plummeting.
The 1938 line supported the gold price many times, but the bottom of the trading market was never predictable, so the gold price must break through here, and the same reason is true for the long-term must fall. Only when the bulls are cleared, the market will be clear.
It can also be clearly seen from the graph that the center of gravity of the gold price is getting higher and lower, and the moving average has been going down all the time. The change is on Thursday and Friday. I want to hold short orders and wait for the gold price to plummet. What do you think?
Trading strategy remains unchanged: Gold 1945 short, stop loss 1952, target 1910
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
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Gold will continue to fall as I expect
