GOLD: Downward Pressure Continues?
Hello everyone! Today i want to share some macro analysis with you!
1.
XAUUSD TECHNICAL: Gold has fallen through the Asian markets, hitting a low near 2365! Gold remains on a downward run for now! If gold fails to hold the 50-day moving average (SMA) at 2360, gold will accelerate its decline towards the 100-day moving average support at $2322/oz. Until then, the psychological level of $2350/oz may save gold buyers.
Short-term resistance is seen around the 21-day moving average at 2386; a break above this level could lead to a retest of the 2400 mark. From the trend, the probability is that gold will be mainly adjusted downwards today, so trade with the option of sell order trading! Short-term attention to the resistance near 2385,
strategy: Sell: 2378-2382 TP:2368-2365 SL:2386.5
Buy:2360-2362TP:2370 SL:2354 (SL according to personal habits set)
2.
$Gold - main 2408(GCmain)$ Gold's lowest point is around 2362! The sell order strategy is effective! And successfully reached TP! Have you followed my tweet strategy to enter the sell order? $XAU/USD(XAUUSD.FOREX)$
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