Gold's trend yesterday also caught the market off guard. It traded sideways at a high level in the evening, but retreated sharply in the European session and broke through the previous low point, reaching a minimum of 2890. The market trend formed a bottoming rebound like Wednesday, and then rose again to around 2922, but fell again and continued to retreat to around 2896, forming a large range of shocks and wash-outs, which also made the market's long and short positions nowhere to hide, and the daily line closed in the form of a small Yinxian line, just touching the position of the middle track of the Bollinger band below, and this position is also likely to play a certain role in the long and short conversion. . The bottoming out and rebound during the day does not indicate the trend of long and short. Before the results of non-agricultural data are released, it is very likely that the short-term will continue to maintain a volatile pattern. At present, the amplitude of the volatility is too large. From the current 4-hour trend, the support below is maintained at 2890, and the pressure above is maintained at 2930. In the short term, we can do some volatile operations around this range. Once a breakthrough occurs, we can continue to follow up in the later stage. In the middle position, we should watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market. Traders who don’t know when to enter the market can follow me. I will release signals in real time in the trading center. GOLDGOLDGOLD
Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
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.
Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
Also on:
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.