XAUUSD: The crash has only just begun

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黃金差價合約(美元/盎司) (TVC:GOLD)

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TVC:GOLD 黃金差價合約(美元/盎司)

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The current trend of gold is basically in line with my expectations, so today I must be 100% watching gold pull back.

Not to mention how much gold can fall today, as long as gold closes below 1990 today, it is very likely that this week's decline has just begun.

This trend of the long upper shadow line on the daily line will at least be maintained until the end of this week.

And here on the hourly chart, as long as it falls below 1985-80, then I think 1970 must be broken this time.

The hourly chart is currently supported around 1965, and the Fibonacci 618 position on the daily chart is here at 1955.

So I predict that the low point of this wave of short-term trend will most likely appear here in 1965-55.