Is gold going to have a big fall?
Updated
Gold fell again in the European session. The current trend broke the rising channel and the price rebounded at 2610. In the short term, it will maintain a narrow horizontal consolidation.
2622 short-term resistance above. If this position is broken, gold will fall into a slow rising structure in the short term.
2610 support below. If this position is broken, gold will form a head and shoulders top breaking structure. Test 2588 below.
In terms of operation, it is recommended to sell gold on rebound. Pay attention to the suppression of the 2620-2625 resistance area above.
2622 short-term resistance above. If this position is broken, gold will fall into a slow rising structure in the short term.
2610 support below. If this position is broken, gold will form a head and shoulders top breaking structure. Test 2588 below.
In terms of operation, it is recommended to sell gold on rebound. Pay attention to the suppression of the 2620-2625 resistance area above.
Trade active
Gold fell and rebounded in the short term, with pressure from above in the 2622-265 area.
👍 GOLD SELL🔖2620-2618
🚫 SL 2630
💘TP 2610
💘TP 2605
💘TP 2595
Trade closed: target reached
TP2605 arrived.
Close the order
The current trend has basically confirmed the downward trend. All that remains is to participate in the short order around the trend.
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✔️Real-time trading guidance
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