Gold continues to do more, target 1920

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Ouro/Dólar Americano (OANDA:XAUUSD)

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OANDA:XAUUSD Ouro/Dólar Americano

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Since 1987, gold has fallen along the downward channel to the 1884 line, with a drop of more than 100 US dollars. We also followed the trend and fell back. After the gold broke through 1900 yesterday, the highest reached the 1904 line. In the US market, it fell back to the 1889 line again, washing out a wave of multiple orders , I personally think that the institutions have exhausted all the short positions. When retail investors rebound in the market today, they will go all out to short. Today, there is a very high probability that they will rise sharply and sweep away the short positions. Yesterday, the daily line changed and broke through the downward channel again. There are two consecutive yangs above the channel. I personally feel that gold has shown a bottom signal. The current round of gold decline will come to an end. In the later stage, we will focus on doing more! When the bulls stand above 1900, the bulls will break out. In summary, go long on gold!

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