Gold has ushered in a big opportunity, the target is 1920

This is a 4h chart. We can see that gold has reached 2070 twice in the past period of time, but both fell back quickly.

For the first time, it fell to around 1620, where it started an upward trend after a period of shocks. Until recently, it came to 2070 again. After a new high, the shock fell back, and it is now near 2020.

From 1620 to 2070, most of the reason for this is inflation. Although inflation still exists, compared to the past period of time, the economy has begun to recover slowly, and the intensity of interest rate hikes has also slowed down. I believe that in the near future, it will return to normal again, and the DXY will also be 105-109 again .

From the perspective of technical form, the increase of nearly $500, although it has some callbacks in the process of rising, it has not completed a very good backtest in the range of 1810-1910.

In the current daily and weekly patterns, the strength of the bulls has begun to decline. I think this is a precursor to the counterattack of the bears. They are only waiting for a suitable opportunity. The turning point may be when the NFP is announced next month.

This is a bold speculation, but it is not unfounded. In the next transaction, I will try my best to short at the high point, and the target is around 1920!

If you have enough funds to trade gold, or you have prepared enough funds to trade gold, I think, maybe you can try to seize this big opportunity like me! ! !

Share this point of view with my friends, I hope you can make more money and realize your dreams!

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1996

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1974

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Gold has now hit 1974 support, rebound resistance 1981-1985

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It has fallen below 1960, waiting for 1947 below

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In the past week, the lowest price of gold dropped to around 1933. Under the influence of the data, it has now risen to above 1960 again. The 1W pattern is still beneficial to short positions, and the resistance level is 1971-1988.
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The 1920 goal has been achieved, now, let's start a new goal

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Come to me if your trades make you miserable

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We are always on the way to make money, if your transaction makes you feel painful, please stop, think about it, why is this happening, what needs to be changed, if you can't solve it yourself, you can talk to me talk

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I posted a new opinion