Traders-Marvin

Gold adjusted repeatedly above 1940

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The golden lifeline is divided into 1960, which is used to determine the long and short range.
The high point has not been broken. From the beginning of this week to the determination of the high point until now, the high point has moved downwards, the low points have been refreshed, and the range has been switched downwards one after another. There has also been a rebound in the process, but the rebound has not broken the previous high point. Yesterday Thursday The same is true for the rebound, which did not break Wednesday's high and the change of pace from breaking the original rhythm.
The trend has not changed. This has been emphasized repeatedly this week. The downward trend of gold has not changed. After the strong bulls in October, the range sweep in November is also normal. Pay attention to the position of the golden section as the support point for the correction. Once the correction is completed, the trend will remain unchanged. Watch the reboot.

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