I think it is just a second test of high pressure. I don’t think it will continue to rise. On the contrary, I am more bearish on gold.
As observed through the 4H chart, a wedge is currently formed, and it may be a reversal wedge.
Green BCD contains a potentially bearish butterfly pattern
As observed through the 4H chart, a wedge is currently formed, and it may be a reversal wedge.
Green BCD contains a potentially bearish butterfly pattern
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Even if it rises, there will be a second bottom test. As long as the price drops below 1818~1800, the probability will increase. If it falls below the 1785~1770 range, it may open up more downside space. This may also It can be said that this is not a real upward trend.
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Observed from the monthly chart, the price of gold once fell below the upward trend line of 1260 and the fan-shaped area of 1160-2075, and then began to test the pressure zone, so the downward trend will continue after the test is completed
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1800~15 continue to short
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Very good