The price of gold remained relatively stable intraday with a slight increase, as the previous bearish momentum has not yet been fully released. After a rebound in gold, it is recommended to consider short selling at high levels.
The chart shows a 4-hour gold price trend.
There are several reasons for bearish sentiment towards gold:
Gold consolidated temporarily yesterday, and if it continues to be under pressure in the short term, the bearish trend may continue.
According to the updated wave trading system, the second wave C is currently in progress, and the previous low point may not be sustained, so the support level for the first round of upward movement will be considered in the future.
Intraday resistance is between 1822-1829, while support is between 1804-1786.
The chart shows a 4-hour gold price trend.
There are several reasons for bearish sentiment towards gold:
Gold consolidated temporarily yesterday, and if it continues to be under pressure in the short term, the bearish trend may continue.
According to the updated wave trading system, the second wave C is currently in progress, and the previous low point may not be sustained, so the support level for the first round of upward movement will be considered in the future.
Intraday resistance is between 1822-1829, while support is between 1804-1786.
註釋
Take profit position:1813註釋
Enter:1830註釋
continue to hold註釋
The fluctuation of the buying point should not cause undue concern.註釋
1830 Profitable註釋
Keep going, this wave is for short-term backstepping註釋
Everyone can enter the discussion channel and communicate at any time註釋
when patience is tested
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