Gold 1983 bearish, short next week

20 במאי 2023

We found out at the end: it is not water that boils fish, but fire; it is not wind that blows leaves down, but seasons; it is not you that hurt me, but my obsession. The end of any relationship is just an acquaintance. In fact, it is not time that can truly heal us, but letting go!

Gold, the U.S. market bottomed out and rebounded last Friday, which can be regarded as a sharp counterattack after the bears fell continuously, and the highest reached around 1984 again. The daily line also formed a single-yang correction pattern, but it did not break through the short-term moving average. Suppressed, and Monday’s opening is likely to be mixed with the shock of the short-term moving average. The continuous decline and breakout in the early stage, and the continuous breakthrough of key supports, so before the bulls do not form an effective breakthrough in the later stage, we still need to determine The short-term trend remains unchanged, and the short-term counter-drawing is only a correction. If this is true, the first target of the later decline is also the 1930 line we pointed out earlier. Once this position is reached, the long-short is very likely It will form a shock for a certain period of time, and the current price of gold is maintained at around 1975, and the high point of Friday’s reversal is maintained at the 1984 line. This position is also the key point for shorting gold next Monday, and the primary support below remains at 2 The next rising point is 1970. At the same time, the negative line of the week line ends and the moving average system is suppressed, so we still need to maintain the short-selling thinking and operate. On Monday, gold will first reverse and see short selling around 1983-1984. The target is around 1970-1960. loss 1990

[Operation on Monday]: Gold is reversed on Monday and shorted around 1983-1984, the target is around 1970-1960, and the loss is 1990.5

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