Analysis of short-term gold trading on August 30
8.29 Data
1. The European market rose slowly. If the market is extremely strong, there will not be a large retracement. As a result, the US market has a large retracement.
2. The US market quickly bottomed out at 2503, which is the 618 position of the previous day. Relying on the 618 position to rise, this position is the same as the previous day, and it rebounded at 618, but at 618, it was oscillating.
3. The US market rose and broke the high, but continued to fall from the early morning to the morning. Whether it is the daily line or the hourly line, multiple tops have been suppressed.
Generally speaking, the more times the top resistance is tested during the rise, the greater the possibility of a breakthrough.
As for today, it is also a headache.
1. 2513 is the 618 retracement of yesterday's rise. The previous two days were long at 618, but today 618 appeared in the morning. No matter how many times this position is, I am worried about the trend of the European market.
2. In the oscillation, it is still relatively simple to rely on the trend of the European market to layout the US market. I am also worried about the continuous decline during the day.
.
In the current situation, we are still long low and short high. No matter how the market is washed out, we have not gambled on the short position above.
Therefore, even if the current situation is stagflation, we will not go to the short position above. If there is no clear signal, we will not operate.
The short-term support for the day is 2508-09. The bottom of the hourly big positive line, you can try aggressively, stop loss 02, and the target is above 2520.
Remember, the market that fell in the morning must rebound in the European session. If the European session is weak, the market will be weak. Only when the European session rises can the bullish rhythm be restored.
Therefore, no matter what position is more, it depends on the intraday rise. If it does not rise during the day, the bulls must withdraw at night
1. The European market rose slowly. If the market is extremely strong, there will not be a large retracement. As a result, the US market has a large retracement.
2. The US market quickly bottomed out at 2503, which is the 618 position of the previous day. Relying on the 618 position to rise, this position is the same as the previous day, and it rebounded at 618, but at 618, it was oscillating.
3. The US market rose and broke the high, but continued to fall from the early morning to the morning. Whether it is the daily line or the hourly line, multiple tops have been suppressed.
Generally speaking, the more times the top resistance is tested during the rise, the greater the possibility of a breakthrough.
As for today, it is also a headache.
1. 2513 is the 618 retracement of yesterday's rise. The previous two days were long at 618, but today 618 appeared in the morning. No matter how many times this position is, I am worried about the trend of the European market.
2. In the oscillation, it is still relatively simple to rely on the trend of the European market to layout the US market. I am also worried about the continuous decline during the day.
.
In the current situation, we are still long low and short high. No matter how the market is washed out, we have not gambled on the short position above.
Therefore, even if the current situation is stagflation, we will not go to the short position above. If there is no clear signal, we will not operate.
The short-term support for the day is 2508-09. The bottom of the hourly big positive line, you can try aggressively, stop loss 02, and the target is above 2520.
Remember, the market that fell in the morning must rebound in the European session. If the European session is weak, the market will be weak. Only when the European session rises can the bullish rhythm be restored.
Therefore, no matter what position is more, it depends on the intraday rise. If it does not rise during the day, the bulls must withdraw at night
Note
I will send the accurate signal to my channel privately. Members please check it in time to avoid missing the transaction information.
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