Powell's eagle voice is loud and clear, and gold will fall again
If there is a miracle in this world, it is just another name for hard work. No one can save yourself, only you can save you in the end. The joy of surviving a desperate situation and the joy of surviving a catastrophe are not the "conservation of character" you imagined. In front of this world, life is an extremely specific and cumbersome vine, and you can only know its last lingering fragrance when you experience the ups and downs from it.
On Thursday, spot gold fell nearly 1% and fell below the $1,920 mark, reaching an intraday low of $1,910, due to the hawkish tendency of the Fed to continue raising interest rates.
After the gold fell from its peak in 1968, it was above the long-short channel on the hourly chart, and it has not stood still.
So this is also the case, it is also reasonable for gold to encounter obstacles in the long-short channel here in 1920.
Therefore, at present, I suggest that you can enter the market around 1920 and short, with a defensive stop above 1930, and the target below is first to look at the 1900 mark, followed by around 1880.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
GOLDM1!
GOLD1!
XAUUSD1!
