Gold Trend Analysis On Monday

10 Kas 2024

🔶In the trend on Friday, gold showed a pattern of falling back after reaching the top. The daily line closed with a real big negative line, and the closing price was below the 5-day moving average. This pattern suggests that gold may continue to fall next week. From the daily chart, the MACD indicator dead cross and large volume, indicating that the short-selling force continues to increase. The price has been under pressure below the middle track of the Bollinger Band. The moving average began to turn downward, which may form a dead cross downward structure. In addition, the high point continues to move downward, and the low point support continues to break down, suggesting that the daily level may continue to fluctuate downward adjustment, and the lower support is expected to be near 2600.

🔶From the 4-hour chart, the 4-hour moving average turned downward and is expected to form a dead cross after the opening of Monday, which may further open up the downside space. At present, the 4-hour chart of gold shows a top structure. After rebounding from a high level, it failed to re-stand on the long-short watershed and is still in the top form. The 1-hour chart moving average is in a short arrangement. Although there was a strong rebound during the US trading period, it failed to break through the previous high point, showing that the short-selling force is dominant, and gold is still short overall. Gold has fallen back under pressure from its highs. If it rebounds to around 2700 next Monday, we can still consider shorting on rallies to comply with the current bearish trend.

🔴Short-term upper resistance range @ 2708-2710
🟢Short-term lower support range @ 2640-2643

🙌Thank you for following and please support us by liking and sharing the post. And leave your views in the comment section

11 Kas 2024

İşlem aktif

Gold has now fallen below the 2680 support level, and is expected to test the lows further.
✅GOLD SELL @ 2675-2678

⛔️SL 2685

🎯TP 2660-2650

⚠️The trend of the gold market may change rapidly, and the trading strategy may be adjusted in real time. Investors are advised to place orders carefully and manage account funds and position reasonably. If you have no sufficient confidence in the transaction, you can contact me at any time, and I will be patient with a professional perspective to provide you with guidance, and strive to help you achieve long -term and stable benefits🏆

11 Kas 2024

İşlem kapandı: hedefe ulaştı

🔥🔥🔥Running Profits ++70 Pips Lets Close Half