09/05/2024
Gold overnight rushed high and fell back again, the price bias weak closing, failed to stand 2320 yesterday's highs above the closing, wide shock adjustment will continue, the daily chart structure is still around the MA10 daily average up and down adjustment, RSI indicators continue to maintain the median axis flattening. Four-hour chart and hourly chart Bollinger Band closing, the upper rail 2328/30 suppression, the lower rail is in 2295/2293. hourly chart to form a box range finishing around 2303/2320 interval shock repeated adjustments. Gold trading high and low ideas, first look at the box range adjustment.
Gold rebound is to give the opportunity to dry empty, gold overnight cooperation students 2319 continue to dry empty, gold up in the morning plunge to harvest, gold is still not able to continue to rise, each time the high fall back, gold or empty, the morning rebound to continue empty.
Gold 30-minute averages or dead fork downward short alignment, gold 30-minute seemingly strong rebound, or not able to break through to stabilize the downtrend line resistance, gold downtrend line resistance is now moved down to 2320 near the morning rebound 2320 to continue to high dry empty.
Recommendations 2294-2296 more, stop loss 2285, target 2320-2330; 2320-2323 empty, stop loss 2332, target 2300-2290
