Do not be deluded into thinking that every transaction will be perfect. Profits and losses need to be balanced, gains and losses need to be felt. Investing in the market is like traveling, always in a hurry, with so much confusion and hesitation. Only by calming down can we dispel the clouds that obscure our vision and quietly enjoy a cup of tea, and only then will we discover that many opportunities are right in front of us.
Yesterday, the gold price rebounded and briefly approached $1828.70 per ounce before falling back and returning to a corrective bearish trend. As shown in the chart, the gold price fluctuates within the bearish channel, and is currently waiting for the price to drop to the next target of $1788.20 per ounce.
From the 4-hour chart, the 50-period exponential moving average (EMA) has formed bearish pressure, which supports the expected downward trend of the gold price. If the price falls below $1788.20 per ounce, the next target for the gold price is $1747.70 per ounce. On the other hand, we should point out that if the gold price rebounds and breaks through $1828.70 per ounce and $1843.70 per ounce, this will stop the bearish trend and push the gold price to start a recovery attempt, with the first test being in the $1878.80 per ounce area.
Currently, the short-term expected trend for the gold price is bearish.
The market is constantly changing, so it is important to stay informed. You can click the rocket to stay updated on any developments.
Yesterday, the gold price rebounded and briefly approached $1828.70 per ounce before falling back and returning to a corrective bearish trend. As shown in the chart, the gold price fluctuates within the bearish channel, and is currently waiting for the price to drop to the next target of $1788.20 per ounce.
From the 4-hour chart, the 50-period exponential moving average (EMA) has formed bearish pressure, which supports the expected downward trend of the gold price. If the price falls below $1788.20 per ounce, the next target for the gold price is $1747.70 per ounce. On the other hand, we should point out that if the gold price rebounds and breaks through $1828.70 per ounce and $1843.70 per ounce, this will stop the bearish trend and push the gold price to start a recovery attempt, with the first test being in the $1878.80 per ounce area.
Currently, the short-term expected trend for the gold price is bearish.
The market is constantly changing, so it is important to stay informed. You can click the rocket to stay updated on any developments.
Commentaire:
hold onto
Commentaire:
leave the rest to time
Commentaire:
Don't worry
Commentaire:
Reach the marked position and resolutely go short
Commentaire:
Rebound to test the pressure position
