Gold is blocked in the short term, focusing on the strong resist

18 apr 2023

Through the analysis of the golden hourly chart, we know that the market is still in a weak rebound from the early trading so far, and has not recovered the lost ground. The short-term upper No. 1 pressure level is the first pressure level. We can clearly see from the attached picture below that although There are short-term bottom-buying funds below the warehouse. At present, the speed of fund outflow has slowed down relatively. It has not yet formed a resonance rise. As I predicted in the morning, the main bull funds need to exchange time for space. Once the short-term and medium-term funds are aligned. It will add the pressure to focus on the No. 2 platform in the short term, and we will continue to operate at high altitudes and low volumes. The specific suggestions are as follows:
Gold 1985 and 1972 are long respectively, with a stop loss of 7 dollars and a stop profit of 20 dollars;
Gold 2022 and 2042 are short respectively, with a stop loss of 7 US dollars and a stop profit of 15 US dollars.

Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻