Gold resistance 1947. today we will win big
Updated
I often comfort myself, the big deal is just to return to the original point, but I know in my heart that nothing can return to the original point. Many times, the speaker is speaking from the heart, while the listener is watching the joke. No one wants to know the process, and everyone is looking forward to the ending. Take every game seriously, even if you lose, you must understand clearly that profit is definitely not how many times you win, but how much probability you control when you lose. There is no trade that never wins, only the tragedy of losing and not admitting.
Due to the biggest failure of the U.S. banking industry since the 2008 financial crisis, the bankruptcy of Silicon Valley Bank shocked the market, triggered panic, further aggravated risk aversion, and led to a frenzied rise in gold, which once broke through the 1900 mark. Markets are starting to bet that the collapse of Silicon Valley Bank, Silvergate and Signature Bank will prompt the Fed to significantly slow down the pace of rate hikes. Investors in the interest rate futures market on Wednesday saw the possibility of no rate hike at the Fed's March 21-22 meeting as the Fed's rate-hike cycle may be over as the collapse of two regional U.S. banks sparked broader financial turmoil over the past week. The ratio is close to 50%, and gold once again broke through to a new high of 1937.
https://www.tradingview.com/x/MvNzvGsH/
After being blocked from the high of 1960, gold ushered in a shock and accumulated decline. It once fell to around 1800 and was supported. Then it dropped to the low of 1809 and rebounded again, and successfully broke through the previous high of 1858. At the beginning of this week, due to the sudden bank failure in the United States, market risks intensified, and gold jumped sharply, directly breaking through the 1900 mark to around 1915. The trend of gold the next day was even more shocking. It first fell below the 1900 mark to a low of 1885, and then there was a strong rise, recovering all the losses in the day in one fell swoop, and broke through the high of 1915 to start a crazy rocket rise, unilaterally pulling up $50 to 1937 High position, its strength is self-evident. Fortunately, we were short in 1930-1935 and took profit at 1908, then we were long at 1908 and took profit at 1926. Big win today!
At present, gold has formed a W double-bottom pattern, and the rebound broke through the 1858 neckline position and the 1900 mark. The next day, it rose strongly to the 1937 high point, and the bulls are self-evident. Now it hit the 1937 high and fell back, and once it was under pressure, the 1925 high fell again, and it has fallen back to around 1910 twice, indicating that 1937 has a lot of short suppression. The unilateral rise from the non-agricultural day low of 1827 to the high of 1937 has increased by 110 US dollars, and there has been no correction yet, so we need to be vigilant about rushing higher and falling back. After all, the monthly line is overcast, and this month should suppress the bulls' rise, and the rebound against the trend will eventually fall back. So today we have to prevent the impact of the resistance of 1947 on gold.
There are 2 trading direction options today. 1932-1935 short. Target 1915. Stop loss 1943. Second trading strategy. You can continue to choose 1909-1906 to do long. Target 1930. Stop loss 1898
Due to the biggest failure of the U.S. banking industry since the 2008 financial crisis, the bankruptcy of Silicon Valley Bank shocked the market, triggered panic, further aggravated risk aversion, and led to a frenzied rise in gold, which once broke through the 1900 mark. Markets are starting to bet that the collapse of Silicon Valley Bank, Silvergate and Signature Bank will prompt the Fed to significantly slow down the pace of rate hikes. Investors in the interest rate futures market on Wednesday saw the possibility of no rate hike at the Fed's March 21-22 meeting as the Fed's rate-hike cycle may be over as the collapse of two regional U.S. banks sparked broader financial turmoil over the past week. The ratio is close to 50%, and gold once again broke through to a new high of 1937.
https://www.tradingview.com/x/MvNzvGsH/
After being blocked from the high of 1960, gold ushered in a shock and accumulated decline. It once fell to around 1800 and was supported. Then it dropped to the low of 1809 and rebounded again, and successfully broke through the previous high of 1858. At the beginning of this week, due to the sudden bank failure in the United States, market risks intensified, and gold jumped sharply, directly breaking through the 1900 mark to around 1915. The trend of gold the next day was even more shocking. It first fell below the 1900 mark to a low of 1885, and then there was a strong rise, recovering all the losses in the day in one fell swoop, and broke through the high of 1915 to start a crazy rocket rise, unilaterally pulling up $50 to 1937 High position, its strength is self-evident. Fortunately, we were short in 1930-1935 and took profit at 1908, then we were long at 1908 and took profit at 1926. Big win today!
At present, gold has formed a W double-bottom pattern, and the rebound broke through the 1858 neckline position and the 1900 mark. The next day, it rose strongly to the 1937 high point, and the bulls are self-evident. Now it hit the 1937 high and fell back, and once it was under pressure, the 1925 high fell again, and it has fallen back to around 1910 twice, indicating that 1937 has a lot of short suppression. The unilateral rise from the non-agricultural day low of 1827 to the high of 1937 has increased by 110 US dollars, and there has been no correction yet, so we need to be vigilant about rushing higher and falling back. After all, the monthly line is overcast, and this month should suppress the bulls' rise, and the rebound against the trend will eventually fall back. So today we have to prevent the impact of the resistance of 1947 on gold.
There are 2 trading direction options today. 1932-1935 short. Target 1915. Stop loss 1943. Second trading strategy. You can continue to choose 1909-1906 to do long. Target 1930. Stop loss 1898
Trade active
If there is a change in the transaction, I will post the latest developments. Everyone remember to pay attention.Trade active
Gold 1932 short. It's falling and we're patiently waiting for profits to widenTrade active
Gold 1932 is short, you can choose to make a profit in 1920 to lighten up your position. Subtract 60% of your purchase quantity. The remaining 40% continue to look at 1915Trade active
We've made a profit in just under an hour. Congratulations everyone. Let's keep working hardTrade active
Like all traders, Miracle loves trading very much. We welcome your different opinions in the comment area.Trade active
Note that gold is about to reach the 1915 stop profit targetTrade active
Gold 1932 shorts successfully reached the 1915 take-profit target. Congratulations to everyone for another huge profit today. I will continue to share the direction of the second transaction laterTrade active
Everyone click on my attention. Avoid missing the latest trading direction,Trade active
Wait patiently for the second trade directionTrade active
If the transaction we gave is reached, everyone can execute it by themselvesTrade active
I'll post today's trading direction later. Everyone can follow me.Trade active
have a great weekend everyone
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.