Bearish trend continues.
Updated
Gold bulls and bears saw each other repeatedly, and the market rose and fell back to fluctuate and adjust! Thanksgiving on Thursday, the US market closed early, and the expected volatility was limited, so the expectation should not be too high. Look for opportunities to short below 2652, and the nearest suppression below is 2647! Continue to sell on rebound!
We said yesterday that gold’s rise is not necessarily a reversal, but just a rebound. Gold suggested to continue selling near 2652 yesterday. Gold fell as expected, and gold is still just a rebound.
The 1-hour moving average of gold is still arranged downward. The rebound of gold is an opportunity to short. If gold rebounds above 2640, continue to short.
First support: 2620, second support: 2612, third support: 2600
First resistance: 2640, second resistance: 2652, third resistance: 2668
Trading strategy:
BUY: 2611near
SELL: 2644near
We said yesterday that gold’s rise is not necessarily a reversal, but just a rebound. Gold suggested to continue selling near 2652 yesterday. Gold fell as expected, and gold is still just a rebound.
The 1-hour moving average of gold is still arranged downward. The rebound of gold is an opportunity to short. If gold rebounds above 2640, continue to short.
First support: 2620, second support: 2612, third support: 2600
First resistance: 2640, second resistance: 2652, third resistance: 2668
Trading strategy:
BUY: 2611near
SELL: 2644near
Trade active
If you followed this signal, now 80pips profit closed
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