Going long in gold means destruction

Short

Oro / Dollaro (OANDA:XAUUSD)

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OANDA:XAUUSD Oro / Dollaro

trendanalysis harmonicpatterns chartpattern xauusd xauusdshort xauusdlong xauusdupdates xauusdsignal xauusdsell xauusdforecast xauusdbuy

From a morphological point of view, the current decline is in a stepped manner. The previous consolidation period of 2030-2049 is a platform. If this position is not broken in the later period, there will be basically nothing for the bulls. The pattern is in a big short position. This week, around 2030, there is already great pressure on the pattern. Today we predict that it will fluctuate within the 1994-2009 range for a few times. It is easy to fall but hard to rise now.

Support is 1994, pressure is 2007-2009, slightly stronger pressure is 2015, and the dividing line between strength and weakness is 2007.

Gold operation: Short selling around 2007, target 2000-1994

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