Gold falls to support, bulls usher in a rebound

18 Apr 2023

The so-called worry is nothing more than what you want, that is attachment, clinging to the ideal you have drawn, and when there is a gap, it will cause trouble. Don't always wait for an opportunity to come your way. As long as you have talent, you might as well stand up and take the initiative to create opportunities.

On Monday, gold fell under pressure around 2013 as scheduled, which is in line with the adjustment trend after the mid-term bullish end. At the same time, a sub-level five-wave push structure has appeared since 2048. Therefore, it is currently in the peaking stage, and there are opportunities for both ups and downs. Today Mainly depends on the rebound trend. For gold operation, it is recommended to buy in 1992, risk control in 1988, and target 2007~2014~1981. If you don't fall back and go up to around 2014, you can also go short.

The gold daily line has fallen to the last platform low for two consecutive days, and there are signs of bottoming out here. The intraday pressure was 2007~2014, and the support was 1992~1988.

Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻