On the first trading day of this week, the world's largest gold ETF, SPDR, reduced its holdings by 6.92 tons, which also hit a new high in more than a month, with a total position of 855.45 tons.
Today, gold touched a high near 1930 twice, but did not break through. Is it possible that capital is selling at a higher level to make a profit?
I gave a signal in the morning that gold can be sold gradually if it reaches 1924-1930.
Now gold needs to observe the impact of the war and the sentiment of the market. Now the range is getting smaller and smaller, and it may choose the direction tomorrow.
If gold chooses to break downwards, it can be judged that this rally may end.
Judging from the technical indicators, each cycle is still overbought, waiting for the correction of the indicators.
Pay attention to the important resistance points above: 1930, 1940
War and data will only briefly affect changes in the market
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Commentaire:
Now the volatility is small, wait for the trend to be obvious before trading
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Same as I predicted
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Because of the war, gold chose to break upwards. I don't think there will be much room for gold to rise.
Commentaire:
I don't think there is much room for gold to rise
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