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After gold fell today, the entire European session rebounded continuously, and the US session hit the 3318 line. Overall, it was still a wide range of shocks and wash-outs. No matter whether it rose or fell, it was not continuous, and the fluctuation range was large, which was difficult to grasp in short-term operations.
The current rise cannot be regarded as a strong trend. The characteristic of the shock market is repetition. The 4H cycle opened at 3326 as a watershed. Be careful of falling back below this position. You can try to go short near 3320/3325. At present, it is a key position to bet on the short position. If it goes up, it will be 3340/3350. The short-term rise is too large. Once the fall is strong, it will also be the same. If you step back, you can pay attention to the rising 0.5 and 0.618 supports.
After gold fell today, the entire European session rebounded continuously, and the US session hit the 3318 line. Overall, it was still a wide range of shocks and wash-outs. No matter whether it rose or fell, it was not continuous, and the fluctuation range was large, which was difficult to grasp in short-term operations.
The current rise cannot be regarded as a strong trend. The characteristic of the shock market is repetition. The 4H cycle opened at 3326 as a watershed. Be careful of falling back below this position. You can try to go short near 3320/3325. At present, it is a key position to bet on the short position. If it goes up, it will be 3340/3350. The short-term rise is too large. Once the fall is strong, it will also be the same. If you step back, you can pay attention to the rising 0.5 and 0.618 supports.
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Our goal is simple, to provide the most professional guidance for free to help everyone make a profit
Related publications
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.