Gold plummeted as expected. Operation strategy?

In my last analysis, Quaid predicted that gold was at risk of falling and breaking.

Quaid promptly told everyone that they could short trade at 3310-3320.

At present, the market situation is basically consistent with Quaid's expectations. As of now, gold has fallen to a low point near 3215. And it has been maintained for some time.

Quaid speculates that gold will continue to maintain a bearish trend and continue to retreat.

Quaid data analysis:

From the hourly chart, gold is currently following a wave trend, and the highest point of 3352 is the starting point of wave A. The high point of wave b is at 3320. If the current 3220 is the beginning of the low point of wave C, then be careful of its continued decline.

Trading strategy:

In terms of the next operation, Quaid suggests waiting for short trading near 3225.

If gold falls below 3210 again, then the bottom can directly look towards the 3190-3200 range.


Quaid warned everyone not to think that the trading range is very large; because the trading markets in some Asian countries are closed, any terrible thing could happen. It is recommended that everyone take profits in time.