Continued decline, market analysis and strategy sharing
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Gold daily line single K closed negative, the 5-day moving average system crossed the 20-day moving average, and the overall short position was arranged. The auxiliary indicator MACD also crossed downward at a high position.
Gold fell under pressure from high levels, and gold continued to short in the Asian session. The rise of gold last week was just a reaction to the Fed's expectation of a rate cut. Gold finally rushed up and fell back, and waited for the rebound to continue shorting.
The 4-hour moving average of gold has now entered a short position arrangement with a dead cross downward. There is still room for gold to fall. Gold fluctuated after the second half of Friday night. Today's Asian session directly broke down, so gold still continued to choose to go down. Gold rebounded near 2690 in the Asian session and continued to short.
First support: 2660, second support: 2643, third support: 2630
First resistance: 2680, second resistance: 2691, third resistance: 2700
Trading strategy:
BUY:2661-2663
SELL:2690-2692
Gold fell under pressure from high levels, and gold continued to short in the Asian session. The rise of gold last week was just a reaction to the Fed's expectation of a rate cut. Gold finally rushed up and fell back, and waited for the rebound to continue shorting.
The 4-hour moving average of gold has now entered a short position arrangement with a dead cross downward. There is still room for gold to fall. Gold fluctuated after the second half of Friday night. Today's Asian session directly broke down, so gold still continued to choose to go down. Gold rebounded near 2690 in the Asian session and continued to short.
First support: 2660, second support: 2643, third support: 2630
First resistance: 2680, second resistance: 2691, third resistance: 2700
Trading strategy:
BUY:2661-2663
SELL:2690-2692
交易進行
Gold runs on chart strategy註釋
Gold starts to make profits 
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🥇There are free analysis and signals every day
🥇Provide accurate gold signals and account management, 2000 pips profit every month
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