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The weak U.S. dollar began to gradually exert its strength, and the price of gold was bleak and gold plummeted!

Abstract:Looking at the weak dollar, but never falling, shows a lot of problems. It shows that the dollar has slowly begun to become stronger, but it just takes time.

After experiencing this round of decline, the U.S. dollar has touched the top down position in 2016. Now the price has returned to the position where the rebound high in 2005 and fell further, forming a short-term support, which is also the conversion of pressure and support levels. During the process, we need to pay attention to the US dollar index, the support formed on this line, and looking at the weak US dollar, but never falling, it shows a lot of problems. It shows that the US dollar has slowly begun to become stronger, but it just takes time.

The U.S. dollar did not fall below the low point of September 1st. If it falls below this previous low, the U.S. dollar may fall further. Before falling below, it will not be able to form a downward trend, so only Just observe this line.

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Gold fell, all appeared on Monday. We can return to the time points of the past three weeks, November 9, 16, and 23. These time points are very regular, and after the vaccine is released, there is a round of decline. , And after the decline, it maintained a volatile trend. Yesterday was no exception. There was a decline, and gold once fell below. The support position we have been emphasizing in the previous period is the position of the 1850 line. After falling below this line, the decline formed the support , Will also become the suppressing position of the rebound. Friends who want to keep up with the order can add WeChat fxgold678 to contact. So for the rest of the trading time this week, you need to pay attention to the strength of the gold rebound and after it rebounds to the 1850 first-line suppression position, participate Short knots.

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According to normal logic and the trend of the U.S. dollar, as long as the U.S. dollar does not fall below the low point of September 1 for further decline, the possibility that gold will continue to rise sharply is relatively low. The short-term callback trend will not change, and it is expected to fall further. 1800 line position.

Gold today needs to pay attention to the early drop in the early trading and it is not suitable to directly participate in the short-chasing operation. It should be noted that the test suppression position between 1840 and 1850 after the rebound in the European and American markets chooses an opportunity to participate in the short.

Gold bulls have been consuming over time. Basically, the news has been consumed and slowly disappeared. It takes time and process to return to the market. At present, it is not possible to see that the possibility of reappearing in the 1800 line is decreasing. I hope investors and friends will know this , Don’t consume your energy and capital advantage before the rise.

VINVITO