Gold bears don't stop there as Fed continues to drive sentiment

If you want to get the best things in this world, you must first let the world see the best of you. Time, every day is new. From today, give yourself more new possibilities: wave goodbye to the impetuous, careless, negative, and slack self. Turn your face to the sun, and there will be no shadow in front of you. Be determined to change, and life will surely grant you a new beginning.

Gold did not move much yesterday. It first fell and then rebounded to repair the sharp drop. The overall trend is still low and volatile, so today it still maintains a short thinking and looks for opportunities to sell. For gold operation, it is recommended to sell at 1821, risk control at 1825, and the target is 1810~1804~1786.

Gold is bearish for several reasons:
1. Gold was temporarily adjusted yesterday. If it continues to be under pressure in the short term, the bears will make another move.
2. According to my personal analysis, wave 2 C is currently on the way, and the low point in the previous period may not be guaranteed. Later, I will consider the support of the first round of rise in the previous period.
3. The intraday pressure is 1822~1829, and the support is 1804~1786.

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

Commentaire:

I will continue to update the dynamics of gold, friends please pay attention