$PAXG The Spring Festival is coming, will gold surge or plummet?
Au analysis indicates that the market will mainly fluctuate before the Spring Festival, with a range roughly between 4800-5050!
⬇️Chart: 1-hour EMA1000, resistance at 5040, today it 📈 touched the position and then plummeted!
This position around 5050 was previously a 1-hour channel resistance! This indicates that there is still quite a lot of capital above.
The trading range before the Spring Festival is 4800-5100.
Short selling: 5050-5100
Stop-loss position: 5150
Take profit at your discretion.
It is recommended to stay out of the market during the Spring Festival! After all, the market can change at any time! Enjoying the Spring Festival is the real priority! Keeping an eye on positions affects mood whether they go up or down.
Let me share a little tip: during the weekend, gold and silver do not stop trading! The price deviation can be significant!
You can observe what the silver fees are! Then, before the settlement, enter to collect the fees! So delicious!
⚠️You must close all positions before the market opens on Monday! Because weekend fluctuations are relatively stable. This strategy becomes ineffective when the market is volatile on Monday!
