Gold Bearish Trend

Last week, the price of gold reached 2004 after the release of US non-farm data. Then it fell back and closed the market at 1993. In the previous post, I talked about the need for the expected value of non-farm data to reach 180,000 to stabilize the US market and suppress gold price, but the final figure was 150,000, which caused gold to rise and then fall back bearishly.

The short-term 1H chart of gold has a clear bearish tendency, with a target of 1972.
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Trade attivo

Trade attivo

Trade attivo

Trade chiuso: obiettivo raggiunto:

1972

Commento:

1970-1965 go long