Where is the opportunity for the gold crash?
Updated
Trading is a process of trial and error. When mistakes continue to occur, the main problems you face are shrinking funds and psychological suffering. A trader must reduce the probability of making mistakes, because your profits come from the losses of others. That is to say, when someone makes a mistake, there will be profits for people to make in the market, but you can't calculate and predict how many people will make mistakes in the next step, and how big a mistake they will make, and you can't guarantee that every time you Both are on the right side. Then, in trading, the only thing you can do is when you make a mistake, try to keep the time of the mistake as short as possible. All that's left is to wait for someone else to make a mistake.
Powell warned that in order to cool down inflation and the economy, the rate of interest rate hikes will continue to be raised. The market was in an uproar. Before, they thought that employment would pick up, and it would be fine if they didn’t cut interest rates. At least they wouldn’t raise interest rates, right? In addition, the stock market can't bear it, and the possibility of a US economic recession is confirmed at once. As a result, the inversion between the 2-year and 10-year yields continued to intensify, reaching 100 basis points, and the probability of a 50-basis point hike in March was raised from 25% to 75%. There is also February non-farm payrolls this week The report and next week's CPI inflation are all heavy pound news. The gold market will fall first, and the stock market will definitely not be able to bear it. Now long-term U.S. debt has become the best safe-haven asset. The U.S. economic recession should make gold rise, but the market The preferred choice is not necessarily gold for hedging.
https://www.tradingview.com/x/Hin4pHyf/
Compared with the vertical drop last night, we should pay attention to two points today:
1. Gold has bottomed out and rebounded slightly, and if this pattern rises, the market outlook must be empty.
2. Choose the short position, the gold repair high point and the top of the 1-hour line and the big Yang line.
Choose the most reasonable position to continue to fall, which is the high point of 1821-1823. Therefore, after the sharp drop, today’s gold is the first to go short, 1815-16 short, or wait for the safest position 1821-1823, stop loss 30, target 1808-1811.
If it falls directly, it depends on whether the previous low of 1804 breaks the position. If it breaks within a day, it will still be empty later. If it does not break within the day, I will continue to remind traders here
Like all traders, Miracle loves trading very much. We welcome your different opinions in the comment area.
Powell warned that in order to cool down inflation and the economy, the rate of interest rate hikes will continue to be raised. The market was in an uproar. Before, they thought that employment would pick up, and it would be fine if they didn’t cut interest rates. At least they wouldn’t raise interest rates, right? In addition, the stock market can't bear it, and the possibility of a US economic recession is confirmed at once. As a result, the inversion between the 2-year and 10-year yields continued to intensify, reaching 100 basis points, and the probability of a 50-basis point hike in March was raised from 25% to 75%. There is also February non-farm payrolls this week The report and next week's CPI inflation are all heavy pound news. The gold market will fall first, and the stock market will definitely not be able to bear it. Now long-term U.S. debt has become the best safe-haven asset. The U.S. economic recession should make gold rise, but the market The preferred choice is not necessarily gold for hedging.
https://www.tradingview.com/x/Hin4pHyf/
Compared with the vertical drop last night, we should pay attention to two points today:
1. Gold has bottomed out and rebounded slightly, and if this pattern rises, the market outlook must be empty.
2. Choose the short position, the gold repair high point and the top of the 1-hour line and the big Yang line.
Choose the most reasonable position to continue to fall, which is the high point of 1821-1823. Therefore, after the sharp drop, today’s gold is the first to go short, 1815-16 short, or wait for the safest position 1821-1823, stop loss 30, target 1808-1811.
If it falls directly, it depends on whether the previous low of 1804 breaks the position. If it breaks within a day, it will still be empty later. If it does not break within the day, I will continue to remind traders here
Like all traders, Miracle loves trading very much. We welcome your different opinions in the comment area.
Trade active
wait patiently for an opportunityTrade active
Gold currently fluctuates relatively little. Note that shorting needs to be done in batchesTrade active
Gold's current market volatility is very small. The first batch of 1815-1816 short orders held. If it reaches 1821-1823, it is an opportunity for a huge short order. Let's take advantage of the opportunities.Trade active
Gold Attention! The second batch of short-selling opportunities from 1821-1823 is coming. Let's grasp it togetherTrade active
Gold pays attention to traders holding short orders from 1821-1823. You can choose to take profit between 1815-1813Trade active
Yesterday, gold was accurately shorted at 1821-1823, and the profit was taken at 1813Trade active
Gold Trading Strategies Today. I'll repost it later. All traders please follow me. Thank you everyone for your support and help to MiracleTrade active
There are 35 minutes of non-farm payrolls data to be released. Let us witness today's miracle together. are you ready?Trade active
are you ready? Nonfarm payrolls data is due in 5 minutes. We hold 1836-1838 short, hold firmlyTrade active
Gold 1840-1843 plus the number of short orders. Take profit 1827-1810. Stop loss 1852Trade active
Gold 1850-1852 short, stop profit 1838-1827, stop loss 1860Trade active
Everyone remember, go short. Need light warehouse to buy in batches. control riskTrade active
The gold non-agricultural profit and short market does not fall, the bulls are strong, adjust the strategy, the market has broken through the solid top of the big negative line on Tuesday, the daily line reverses deep V, the market is not suitable for one tendon, and if you make a mistake, you must know the mistake and correct it. The market is now obviously long, so you can only do more.Gold 4 hours now has a double-bottom structure. If it breaks through and rises, the bulls will continue to exert force. There is no highest, only higher. This time 1858 should be unstoppable. Next, the operation will fall back to 1838 support and go long.
Trade active
It is very timely for us to adjust our thinking in time. The bullish momentum is very strong right now. 1858 will definitely not be able to stand it. The current price is close to 1862. Stay on the sidelines for now. Wait for the market to stabilize before continuing to choose a point to buyTrade active
At present, the resistance of gold is at 1870, and the support is at 1840-1831. Stay on the sidelines and do not chase long or short.Trade active
It is not terrible to make mistakes in trading. What I'm afraid of is knowing that I'm wrong and being stubborn. So we have to maintain a good attitude to face. Trades happen every day, even if we are wrong today. Adjust your mentality. Tomorrow, you can make back what you lost today.Trade active
At present, I give two most stable solutions for gold. The first is 1870 short, take profit 1852, stop loss 1875. The second plan is 1848 long, take profit 1865, stop loss 1840. We will make that plan first when it is low to that point. I wish you all a great day.Trade active
There will be relatively strong resistance near 1900. Therefore, our 1872-1873 long position can make a profit and reduce the position and continue to hold it. control profitTrade active
Gold rose strongly. Our 1872-1873 longs were on schedule to make big profits. Next need to watch 1910 resistanceTrade active
Gold 1872-1873 long order, the current price is to stop profit at 1911, making a big profit of 39 points. Congratulations everyone for keeping up with Miracle Trading StrategiesTrade active
That concludes today's trading strategy. Today we have a big profit in gold and bitcoin. I wish you all a great day today. See you tomorrow.
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