Market analysis next week
I hope that gold can fall below 1985 today. If it cannot fall but chooses to go up, then gold may continue to rebound to a relatively high position next week (targeting several resistance points in 2015/2020/2040, and can only find opportunities to participate in short trades against the trend) The difficulty will be higher; now the decline in PPI is completely repaired, which is more likely to happen
If it can fall taday or even directly break through 1984, we only need to find the bottom signal to participate in the long position after falling below 1984 next week (around 62-67, or 74-77), so that the difficulty next week will be reduced.
In summary, we are bullish on gold now, but it is already 10 US dollars away from today's low of 1995, so it is difficult to set SL, and the weekend is coming. So now I can only wait until next week
If it can fall taday or even directly break through 1984, we only need to find the bottom signal to participate in the long position after falling below 1984 next week (around 62-67, or 74-77), so that the difficulty next week will be reduced.
In summary, we are bullish on gold now, but it is already 10 US dollars away from today's low of 1995, so it is difficult to set SL, and the weekend is coming. So now I can only wait until next week
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