GOLD:summary

2023年8月27日

This week, gold, as I expected, gained significant support at the bottom. When it could not fall below 1883, I judged that gold would definitely rise this week.

On Tuesday,Gold broke through the daily line, but I know that every time it reverses, it will not keep rising. There will definitely be fluctuations, but it will definitely rise in the end.

On Wednesday, gold rose to 1904 and exceeded the resistance point, so I judged that it would not rise, so I decided to sell short decisively and buy when it fell to a low point.

On Thursday, gold rose again to 1923, rising by 40 from the bottom. The short-term increase was too fast, and the indicators of each cycle were overbought and very serious, so we can judge that gold fluctuates in the range of 1904-1923.

On Friday, because of Powell's speech in the United States, the volatility in the range of 1904-1923 was accelerated.

Tomorrow, we need to observe the trend of gold, because the rise many times in 1923 did not break through, so we can temporarily think that the resistance of 1923 is very strong, if we can not break through 1923, then gold will definitely fall again.

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2023年8月28日

註釋

1904-1923