How does the gold price work in the London market? Must see

May 6

In fact, it is not difficult to see from the above chart that the market is undergoing an inverted triangle arrangement. The current high point above is above 2312. The upper trend pressure position has been touched. Combined with the current ebb of news. The probability of gold falling under pressure is relatively high. At the same time, the U.S. dollar is also showing signs of an oversold rebound. This is closely related to the impact of last week's non-agricultural data release. Operationally, I mainly sell gold at high prices.

The target position below can be set below 2290. Of course, if the profit reaches your expectation, you can close the order at any time. Keep profits stable in your account balance.

May 6

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May 6

Trade active

Gold's decline has become a reality. In terms of operation, selling at high prices is still the main focus. News of the easing of geopolitics. Second dollar rally. The third is the reduction of holdings of the world's largest gold ETF. It's only a matter of time before gold falls.
If it can continue to rise. Then only geopolitics explodes again on a massive scale. But based on the current situation, this probability is still very low.
Therefore, when we sell gold, the risk is very small. At the same time, you can also have greater profits. Such a deal is reasonable.

May 6

Note

But the geopolitical war started again. Israeli forces carried out airstrikes on areas near eastern Rafah that had been ordered to evacuate.

May 6

Trade active

This is a favorable sign for bulls. Gold prices continue to rise on the news