Gold did not break through three times up?
The following is the machine translation.
1. September 3 is the first time since January 1830 to go up again, even rushing to 1834, that is, but 1835, this is the third time to reach the position near 1835.
2. From the technical side of gold, the indicators trend are bullish, WT_LB oscillator is somewhat oversold, the market is not very strong may face a short term adjustment.
3. in this position off I think the technical analysis of gold itself is secondary, we also have to judge the market against the dollar index DXY.
4. DXY if a drop below 91.5 gold will rise sharply, to determine the future trend of DXY is the Fed's debt reduction plan.
5. In September 21-22 meeting results before DXY almost impossible to fall below 91.5, this is my personal view, more resolute. Subsequently gold rose sharply, without a reliable news gold is not easy to rise sharply.
6. comprehensive analysis down to give a two-pronged operating strategy.
If the spot price is short, stop loss 1835.5, do more need to wait for a breakthrough 1835
Translated with DeepL.com/Translator (free version)
1. September 3 is the first time since January 1830 to go up again, even rushing to 1834, that is, but 1835, this is the third time to reach the position near 1835.
2. From the technical side of gold, the indicators trend are bullish, WT_LB oscillator is somewhat oversold, the market is not very strong may face a short term adjustment.
3. in this position off I think the technical analysis of gold itself is secondary, we also have to judge the market against the dollar index DXY.
4. DXY if a drop below 91.5 gold will rise sharply, to determine the future trend of DXY is the Fed's debt reduction plan.
5. In September 21-22 meeting results before DXY almost impossible to fall below 91.5, this is my personal view, more resolute. Subsequently gold rose sharply, without a reliable news gold is not easy to rise sharply.
6. comprehensive analysis down to give a two-pronged operating strategy.
If the spot price is short, stop loss 1835.5, do more need to wait for a breakthrough 1835
Translated with DeepL.com/Translator (free version)
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