Gold fell as expected, please see here for how to trade next

Short

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

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OANDA:XAUUSD Gold Spot / U.S. Dollar

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Gold showed an overall decline on Wednesday, which was basically as expected. The highest price rose to 1970.89 and the lowest fell to 1947.28. Looking back at the performance of the gold market on Wednesday, after the morning opening, the price fell again after a short-term shock, and the US market It also fell again, and the daily line still ended in a negative state. At present, the market will continue to test the 1930-1920 area in the short term, so we continue to focus on the resistance in the 1963-1964 area. After the price is in place, we will continue to layout. Below, we will continue to focus on the weekly and daily support in the 1930-1920 area. Short-term operators can choose after they are in place. Reduce your position or leave the market. You can also continue to hold the medium and long-term short position and wait for correction before continuing to fall below the level and test the 1830-1810 area.

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