Gold trading signals today keep up and you will make profits
Updated
The ending of these two days is a bit tragic. This negative line completely destroyed the panic of the bulls for a few days. It is difficult to survive after entering. Most of the time, I don't like this kind of big fluctuation. The bigger the market is, the worse the stability of the transaction will be.
The origin of the volatile market also appears in several aspects:
1. The news is exciting, and there is a sudden big market.
2. The sudden rise of gold shows an accelerated upward trend.
3. A sharp drop is often a sign of top formation.
Therefore, in these forms, it is not easy to trade.
When it falls here, everyone will ask: Will it continue to rise, has it peaked, and the support is there.
From a morphological point of view, the sign of a turning point is breaking the bottom of the last rise, and this wave of continuous rise has no bottom yet.
In addition, the rising position of the daily line is at 1920. After the price breaks the 5-day moving average, referring to the previous wave of decline, it should also be at 100+. This is a reasonable adjustment range. Therefore, if you continue to look at the retracement, the price will go to the front The bottom of the bottom rebounded at the 1890-1900 line.
During the rise, there will be a relatively large retracement, which will usually disrupt the rhythm of the rise, and the market will also change from strong to volatile, and it will take a process to turn weak.
But yesterday's shape, there is a key point, continuous, no retracement of the decline, this is the most feared.
https://www.tradingview.com/x/Ikxpvp89/
To sum up: In the short-term within the day, temporarily look at the correction of the gold market, so today you can choose to be short at 1947-1950, with a target of 1930-1920. Stop loss at 1956. The second trading strategy can choose to be long at 1908-1911, with a target of 1925-1935 . Stop loss 1903. Today, we will deal with this range temporarily.
The origin of the volatile market also appears in several aspects:
1. The news is exciting, and there is a sudden big market.
2. The sudden rise of gold shows an accelerated upward trend.
3. A sharp drop is often a sign of top formation.
Therefore, in these forms, it is not easy to trade.
When it falls here, everyone will ask: Will it continue to rise, has it peaked, and the support is there.
From a morphological point of view, the sign of a turning point is breaking the bottom of the last rise, and this wave of continuous rise has no bottom yet.
In addition, the rising position of the daily line is at 1920. After the price breaks the 5-day moving average, referring to the previous wave of decline, it should also be at 100+. This is a reasonable adjustment range. Therefore, if you continue to look at the retracement, the price will go to the front The bottom of the bottom rebounded at the 1890-1900 line.
During the rise, there will be a relatively large retracement, which will usually disrupt the rhythm of the rise, and the market will also change from strong to volatile, and it will take a process to turn weak.
But yesterday's shape, there is a key point, continuous, no retracement of the decline, this is the most feared.
https://www.tradingview.com/x/Ikxpvp89/
To sum up: In the short-term within the day, temporarily look at the correction of the gold market, so today you can choose to be short at 1947-1950, with a target of 1930-1920. Stop loss at 1956. The second trading strategy can choose to be long at 1908-1911, with a target of 1925-1935 . Stop loss 1903. Today, we will deal with this range temporarily.
Trade active
There are other trading signals. I will keep updating. Everyone remember to follow meTrade active
If you support the idea. You can upvote and support. thank you all. If there is a change in the direction of the transaction, I will notify everyoneTrade active
We in order to avoid the risk of Fed news. So the 1947-1950sell we are holding now has a small profit and stop profit in 1946, and we will continue to trade tomorrow. I wish you all a great day today. See you tomorrowTrade active
Hello everyone. Yesterday's 1947-1950sell. In 1946, everyone was notified to take profit. We successfully avoided yesterday's rise and took a small profit. I'll post today's trading signals later.Trade active
Next week is the non-agricultural data market. This is also the data market that I am best at. If you are still researching for daily trading signals. You might as well come to me. we will see you tomorrow
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