Short-term-trading-king的OANDA:XAUUSD的The gold trend is clear

The gold trend is clear

Through the analysis of the 4-hour chart of gold, we know that gold has continued to rise and fall from the 1971 line in early trading, indicating that the bulls lack momentum for rebound. We can clearly see from the chart below that it is currently running below the zero axis, indicating that there is some short-term Weakness does not constitute a reversal. In the short term, it will continue to fluctuate upward. Relatively speaking, the support below is stronger. In the short term, we can focus on the pressure on the 1985 and 2004 lines. Only when the volume breaks through and stands firm in the later period will there be further upward shock. In the short term, we will continue to adopt the high-altitude, low-long approach in terms of operations. The specific suggestions are as follows:

Gold 1969, 1975, and 1980 were shorted respectively, with a stop loss of 7 US dollars each and a profit stop of 15 US dollars each.

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