Friday Market Analysis and Signals
Updated
Gold hit a high in the US market and then fell back, reaching a new historical high. The daily bullish trend structure is intact. This round of bullishness started with 2603 and has crossed the 2700 mark. As for when it will end, there is no peak signal yet! The Asian market continues to be bullish during the day!
Gold hit a new historical high yesterday under the stimulus of risk aversion. Gold has touched the 2700 line. There may be a short-term correction demand! Now is the time for risk. Don't go long easily. When the market is too high, it is often the time for institutions to make profits!
Gold started to rise from 2603 in the 4-hour period. Now it has experienced three waves of rising curves. The rise of gold is basically almost at the top. It may start to fall and adjust at any time. There is no need to continue to chase it now. Gold has been supported by risk aversion recently, but gold has been in a slow rise every time. Once the bullish sentiment subsides, gold may adjust in a waterfall manner.
Pay attention to the top-bottom transition position near 2685 and go long.
Gold hit a new historical high yesterday under the stimulus of risk aversion. Gold has touched the 2700 line. There may be a short-term correction demand! Now is the time for risk. Don't go long easily. When the market is too high, it is often the time for institutions to make profits!
Gold started to rise from 2603 in the 4-hour period. Now it has experienced three waves of rising curves. The rise of gold is basically almost at the top. It may start to fall and adjust at any time. There is no need to continue to chase it now. Gold has been supported by risk aversion recently, but gold has been in a slow rise every time. Once the bullish sentiment subsides, gold may adjust in a waterfall manner.
Pay attention to the top-bottom transition position near 2685 and go long.
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