XAUUSD: There is a possibility of falling below 2700 today
Zaktualizowano
Yesterday we waited for the gold price to meet resistance at 2740 before selling, and the effect was very good. Today my strategy is still bearish. As long as 2740 is not effectively broken, the bearish view can be maintained.
From the 1H chart, after yesterday's failure to break through the 2740 resistance, the bearish pattern of the head and shoulders top has basically formed, and there is no problem with the lowest position of the head and shoulders top pointing below 2700 points. Therefore, even if today's sharp decline in the market after Black Friday is out, I am not surprised.
With the formation of a downward trend, the high point is definitely moving down, so today's selling point can be appropriately lowered a little, in the range of 2730-2740, the target is 2715 first, and then 2700
The above is today's trading strategy. Friends who need to copy my detailed signals and real-time operations can contact me, good luck everyone!
From the 1H chart, after yesterday's failure to break through the 2740 resistance, the bearish pattern of the head and shoulders top has basically formed, and there is no problem with the lowest position of the head and shoulders top pointing below 2700 points. Therefore, even if today's sharp decline in the market after Black Friday is out, I am not surprised.
With the formation of a downward trend, the high point is definitely moving down, so today's selling point can be appropriately lowered a little, in the range of 2730-2740, the target is 2715 first, and then 2700
The above is today's trading strategy. Friends who need to copy my detailed signals and real-time operations can contact me, good luck everyone!
Zlecenie aktywne
The gold price has come close to the buying range, and short orders can be entered in batchesZlecenie aktywne
Yes, gold prices started to fall after hitting the Sell range of 2730-2740Zlecenie aktywne
The gold price is now testing around 2740 again, and we should pay close attention to the resistance at this level.
If you want to get my thoughts on gold as soon as possible, welcome to join my channel
📣Free channel: t.me/Antony_TP
⚜️Copy Trading Contact me: t.me/AntonyTP
📣Free channel: t.me/Antony_TP
⚜️Copy Trading Contact me: t.me/AntonyTP
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