Wait for gold to rebound and sell today
The price of gold has fallen below the trend line and stabilized, and its trend has entered the stage of adjustment. However, it is unknown where the adjustment will be, but what is certain is that the rising momentum has temporarily come to an end, and the next operation will turn to high selling. The main idea is that when the gold price rebounds to around 2170, you can boldly sell!
Technical feedback shows that the current one-hour trend has fallen below the support of the moving average and trend line. The upper moving average dead cross pressure is at 2170. At the same time, the gold price has fallen below the Fibonacci 0.236 support level of 2155, which means further support. Will look towards the 2130 line, which is the 0.382 retracement! At present, there is still a large profit margin below, and grasping the rhythm of the market is the only way to keep up with the rhythm of making money!
Technical feedback shows that the current one-hour trend has fallen below the support of the moving average and trend line. The upper moving average dead cross pressure is at 2170. At the same time, the gold price has fallen below the Fibonacci 0.236 support level of 2155, which means further support. Will look towards the 2130 line, which is the 0.382 retracement! At present, there is still a large profit margin below, and grasping the rhythm of the market is the only way to keep up with the rhythm of making money!
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