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Gold has fallen four times in a row, where is the bottom?

Wonderful introduction:

Let your sorrows be full of worries, and you can't sleep, and you can't sleep. The full moon hangs high, scattered all over the ground. I think that the bright moon will be ruthless, and the wind and frost will fade away for thousands of years, and the passion will fade away easily. If there is love, it should have grown old with the wind. Knowing that the moon is ruthless, why do you repeatedly express your love to the bright moon?

Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Gold has fallen for four consecutive times, where is the bottom?". Hope it will be helpful to you! The original content is as follows:

Gold has four consecutive declines, where is the bottom?

Are there any chances to get on the bus this week?

Tell me what I think.

First of all, from the perspective of current global trade tariffs, the underlying logic that long-term support for the upward trend of gold prices has not changed.

The sharp fluctuations and sharp adjustments in the short-term gold price are only temporary. Although I warned everyone that gold peaked at 3135 as early as 3135, in order to change my long-term bullish view of gold, gold has fallen for four consecutive times so far. If you keep up with this rhythm, then you are likely to be eating meat.

But for today's market, I want to warn you again that this round of adjustment of gold may be nearing the end, so those who are bearish should pay attention to risks and beware of bulls' counterattack.

What about the market? 2970 and 3017 are the areas we focus on.

If the market remains below 3017 today and the small-scale pattern peaks, it can still be empty, but it must be short.

But if the upward closing breaks 3017 in one hour, the four consecutive declines will end in the short term and then start a new rise.

https://xmaccount.com Then why is it said today that it is very important?

Because after the continuous low fluctuations on the market, if the bulls cannot break upwards with one kick today, or if 2970 is lost again. There is no hope of bottoming out in the short term, and the bears will win another game by then.

So for the current market, should we stop falling and build a bottom, or to accumulate volume and fall? This requires follow-up based on the morphological structure.

If you don’t know how to deal with this, you can make an appointment for the live broadcast tonight.

The above is only personal opinion and is not a basis for investment. Investment is risky and you must be cautious when entering the market.

The above content is all about "[XM Forex Market Review]: Gold has fallen four consecutive times, where is the bottom?". It was carefully xmaccount.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!

After doing something, there will always be experience and lessons. In order to facilitate future work, we must analyze, study, summarize and concentrate the experience and lessons of previous work, and raise it to the theoretical level to understand it.

Unless otherwise specified, all articles are original creations of this websiteIf reproduced, please indicate the source: XM Forex

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