The gold market trading last Friday was generally in a state of profit-taking, and the market’s buying positions will be relatively weakened. In addition, the Federal Reserve currently believes that the collapse of the banking industry has eased and inflation remains high. The move to stagnate rate hikes cannot travel in time at the moment, and gold is currently at a high level that is not secure
Last Friday, when the 2000 mark was strong and unbreakable, the operation idea was still dominated by rebounding and shorting. After all, gold did not continue to break through last week, and the range fluctuated downward. Last week, the highest was 2048, and the lowest was 2000. The general trend is bullish on the weekly line, but there is a tendency to pull back. The daily line fluctuates in a range. Let’s look at the breakthrough of 2000 below, and look at the vicinity of 1970 for a break below. On the hourly line, the middle track of the gold price has fallen due to the sun, and the top is still focused on 2020. The hourly line, the range fluctuates, and if 2000 is not broken, the gold price will continue to fluctuate. In terms of operation, first look at the 2000-2020 range, and then look at the extension after breaking through, so there is a high probability that it will return to 2020 The -1980 range fluctuated. In this regard, you can stick to the short around the rebound. Remember to pay attention to the control of positions and risks, and beware of unexpected outbreaks.
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Trade closed: target reached
It’s gold in 2019, go long or short? If you are a novice and don’t know how to make a profit, you can enter my channel to help you make a profitTrade closed: target reached
Trade closed: target reached
gold trend this weekTrade closed: target reached
Gold is going down, and the trend is in line with expectations. The specific detailed strategy will be updated on the channelTrade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
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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.