It is safer to buy low and long
Updated
International news:
1. Fed Barkin: The latest inflation data does not enhance people’s confidence that the downward trend in inflation is spreading in the economy, which means that market players feel that the economy is relatively sluggish;
2. EUR/USD fell back below 1.07 for the first time since mid-February, falling 0.39% on the day;
3. EIA Natural Gas Report: In the week ending April 5, U.S. natural gas inventories totaled 2.283 billion cubic feet, an increase of 24 billion cubic feet from the previous week and an increase of 435 billion cubic feet from the same period last year. The year-on-year increase was 23.5%, and it was 633 billion cubic feet higher than the five-year average, an increase of 38.4%.
Market analysis:
After the negative impact of CPI, spot gold started to fall from the 2350 US dollar level, and finally stopped at 2320 US dollars, causing the market price to finally close down, breaking the rising rhythm in recent days. Bullish ppi data on Thursday caused the price to rise to 2346, but then fell sharply in the short term. It has now rebounded to 2050. After several trends, we can judge that the suppression of the starting and falling opening of 2350 will continue to suppress the price rebound. This position can be regarded as a suppression zone in the future, and a breakthrough may take some time.
Similarly, the bottom rebound after hitting 2320 on Wednesday caused the market price to rebound above 2347 US dollars. It is not difficult to find that the entire decline was basically recovered by the rebound. However, it rose as much as it fell. This decline is still judged as an unforeseen correction. The counterattack launched near 2320 has established the solid support of 2320. It is unlikely that it will fall below 2320 again. Just rely on this support to go long.
Gold operation strategy:
1. The callback is 2325-2330, the light position is long, the light position is short 2355,
2. If you step back to near 2310-2315, cover the long position and short position 2345.
3. Even if it falls below 2290, it can only be considered a major correction, and the idea of going long at low levels remains unchanged.
If you are new to investors who don’t know where to start and are always having trouble with operations, you can follow me to help you win the market!
⬇️⬇️⬇️⬇️
1. Fed Barkin: The latest inflation data does not enhance people’s confidence that the downward trend in inflation is spreading in the economy, which means that market players feel that the economy is relatively sluggish;
2. EUR/USD fell back below 1.07 for the first time since mid-February, falling 0.39% on the day;
3. EIA Natural Gas Report: In the week ending April 5, U.S. natural gas inventories totaled 2.283 billion cubic feet, an increase of 24 billion cubic feet from the previous week and an increase of 435 billion cubic feet from the same period last year. The year-on-year increase was 23.5%, and it was 633 billion cubic feet higher than the five-year average, an increase of 38.4%.
Market analysis:
After the negative impact of CPI, spot gold started to fall from the 2350 US dollar level, and finally stopped at 2320 US dollars, causing the market price to finally close down, breaking the rising rhythm in recent days. Bullish ppi data on Thursday caused the price to rise to 2346, but then fell sharply in the short term. It has now rebounded to 2050. After several trends, we can judge that the suppression of the starting and falling opening of 2350 will continue to suppress the price rebound. This position can be regarded as a suppression zone in the future, and a breakthrough may take some time.
Similarly, the bottom rebound after hitting 2320 on Wednesday caused the market price to rebound above 2347 US dollars. It is not difficult to find that the entire decline was basically recovered by the rebound. However, it rose as much as it fell. This decline is still judged as an unforeseen correction. The counterattack launched near 2320 has established the solid support of 2320. It is unlikely that it will fall below 2320 again. Just rely on this support to go long.
Gold operation strategy:
1. The callback is 2325-2330, the light position is long, the light position is short 2355,
2. If you step back to near 2310-2315, cover the long position and short position 2345.
3. Even if it falls below 2290, it can only be considered a major correction, and the idea of going long at low levels remains unchanged.
If you are new to investors who don’t know where to start and are always having trouble with operations, you can follow me to help you win the market!
⬇️⬇️⬇️⬇️
Trade active
It is gradually moving higher, let’s see if we can break above 2360Trade active
Trade active
It has broken through 2360 and the bulls are still strong.Trade active
Click the URL below to get the latest market analysis every day.Trade active
Gold is still moving higher and now is not a good time to trade. Waiting for the opportunity, I will announce it on the channel.Trade active
It’s crazy. I think it’s possible to rise to 2,400.Trade active
I have been saying on the channel for 3 weeks not to try shorting again. The trading signals have been released on the channel, check it out quickly.Trade active
I have posted trading signals on the channel, I hope they can help you. Don't listen to fake traders who claim to be making money every day, that's impossible! ! !Trade active
I have reiterated many times that the signals I posted on the channel can 100% help you. I am really sorry to see that some people are still losing money.Trade active
I have been stressing that you should never try to short gold again, I have been saying this for 3 weeks, I have posted trading signals on my channel, I hope they help you.Trade active
The market continues to sweep, and small accounts must remember to enter in small batches, otherwise the account will be easily burned.Trade active
The channel has released trading signals, and today's short signal has been perfectly profitable. If you want to make a profit, please join my channel as soon as possible.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.