Gold continued to fall below new lows yesterday, and the short trend continued. Gold rebounded today and continued to be short.
Overnight gold went straight down, with a strong negative line throughout the whole process. It has already fallen below the level of 2015. Even if the K-line rebounded, it was swallowed up by the negative line and went downward. This is a strong bearish trend and is unstoppable.
The daily chart shows a head and shoulders pattern, that is, the high point is obviously lowered, and the large negative line blocks the K line. The K line is powerless and can only start the plummeting mode. The Bollinger Band track is also running in the country, and the K line is always below the middle track.
Gold 1992-1995 long
Gold 2015-2018 short
Overnight gold went straight down, with a strong negative line throughout the whole process. It has already fallen below the level of 2015. Even if the K-line rebounded, it was swallowed up by the negative line and went downward. This is a strong bearish trend and is unstoppable.
The daily chart shows a head and shoulders pattern, that is, the high point is obviously lowered, and the large negative line blocks the K line. The K line is powerless and can only start the plummeting mode. The Bollinger Band track is also running in the country, and the K line is always below the middle track.
Gold 1992-1995 long
Gold 2015-2018 short
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Maximum profit $10
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