XAUUSD: A sharp drop is about to begin
The market has been in a consolidation zone this month, and this week will have a big moment. Today's cpi, the next few days the United States, Europe and Japan will announce the central bank's resolution.
Therefore, this week's market volatility is bound to be very large, and the range will also be broken.
After hitting 1967 yesterday, gold once again hit a low near 1950.
For now, the first place to focus should be around 1965.
If it is said that the next rebound will not exceed 1965, then it is time for us to enter the market and short.
Next, as long as it falls below 1940, there is a high probability that it will touch 1920 and around 1900.
So next, I suggest that you can enter the market around 1965 and short.
Therefore, this week's market volatility is bound to be very large, and the range will also be broken.
After hitting 1967 yesterday, gold once again hit a low near 1950.
For now, the first place to focus should be around 1965.
If it is said that the next rebound will not exceed 1965, then it is time for us to enter the market and short.
Next, as long as it falls below 1940, there is a high probability that it will touch 1920 and around 1900.
So next, I suggest that you can enter the market around 1965 and short.
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