Gold plummeted as expected on Friday and will continue to be bea
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Gold's trend was stable in the first four days of this week, with all the way short, all the way down, and continuous rises. On Friday, gold reversed first, going long on the backhand, and the price of gold rose. However, surprises are always unexpected. Gold fluctuated in the middle of the night and fell again, because it was also Friday and it was not easy to turn back at night. After all, it is the weekend, and it is hard to say whether there will be surprises in the weekend news. Better to wait until next week to continue. The past has become history, and a new chapter still needs to be faced. The market situation is current, and what is more important is what to do next.
There is still hope for gold to close the positive line before 10 o'clock yesterday. However, after a sharp decline, gold's daily line continued to plummet and closed on the negative line, falling below new lows continuously. Yesterday, gold prices rose after closing a small double bottom in 30 minutes. It fell directly below the neckline at night and has now turned into resistance. Gold will rebound next week and resistance near 1863 will continue to dry up.
This is the market, with ups and downs and ever-changing changes, and it is precisely because of this that it is full of charm. If the market stays the same, it ceases to be a market and becomes boring. I'm just a crafty trader who goes with the flow. The market does not rely on luck. Only by refusing to learn, constantly summarizing, and having your own good principles can you finally become invincible. No one in this market is a consistent winner. It's important not to be too arrogant. On the premise of taking good precautions, do it when you see an opportunity. The market is the only criterion for testing strength.
Operation ideas for next week
Gold is short at 1863, stop loss at 1871, target 1845-1840;
Gold's trend was stable in the first four days of this week, with all the way short, all the way down, and continuous rises. On Friday, gold reversed first, going long on the backhand, and the price of gold rose. However, surprises are always unexpected. Gold fluctuated in the middle of the night and fell again, because it was also Friday and it was not easy to turn back at night. After all, it is the weekend, and it is hard to say whether there will be surprises in the weekend news. Better to wait until next week to continue. The past has become history, and a new chapter still needs to be faced. The market situation is current, and what is more important is what to do next.
There is still hope for gold to close the positive line before 10 o'clock yesterday. However, after a sharp decline, gold's daily line continued to plummet and closed on the negative line, falling below new lows continuously. Yesterday, gold prices rose after closing a small double bottom in 30 minutes. It fell directly below the neckline at night and has now turned into resistance. Gold will rebound next week and resistance near 1863 will continue to dry up.
This is the market, with ups and downs and ever-changing changes, and it is precisely because of this that it is full of charm. If the market stays the same, it ceases to be a market and becomes boring. I'm just a crafty trader who goes with the flow. The market does not rely on luck. Only by refusing to learn, constantly summarizing, and having your own good principles can you finally become invincible. No one in this market is a consistent winner. It's important not to be too arrogant. On the premise of taking good precautions, do it when you see an opportunity. The market is the only criterion for testing strength.
Operation ideas for next week
Gold is short at 1863, stop loss at 1871, target 1845-1840;
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