Gold on Tuesday was more in line with our analysis ideas. We gave a short position at 3250-60, and the market conditions were also quite favorable for our entry opportunities. We notified the entry and exited with profits as gold fell back. The CPI was bullish and gold rebounded weakly, so our long positions were also safely exited with profits.
Pay attention to the stabilization of the two supports of 3215-3225, and take 3200 as the turning point of the Fengshui Ridge. Hold it to continue to maintain the bottom shock operation or gradually rebound; once it breaks through 3270, the rebound will be strengthened to test the 3300 mark; if it breaks through 3300 and stabilizes, the downward adjustment will end and return to the upward trend; Then as long as 3270-3300 is still not suppressed in the middle, it will repeatedly rise and fall to test the bottom support; if 3200 is accidentally lost, it will point to 3160-3150, and you need to be mentally prepared in advance, hoping that it will not happen; looking at the 4-hour chart of gold: at this time, the 5-day short-term golden cross is expected to cross the 10-day, then above 3240 will become a certain support performance, and the key strong support is the annual moving average moving up to 3200; one resistance is the big Yin high point in front of 3290, which is also the dividing pressure, and the strong pressure is the middle track 3293, or close to the 3300 mark; pay attention to the gains and losses between support and resistance. The short-term focus on the upper side is the 3270-3290 resistance, and the short-term focus on the lower side is the 3215-3225 support.
Pay attention to the stabilization of the two supports of 3215-3225, and take 3200 as the turning point of the Fengshui Ridge. Hold it to continue to maintain the bottom shock operation or gradually rebound; once it breaks through 3270, the rebound will be strengthened to test the 3300 mark; if it breaks through 3300 and stabilizes, the downward adjustment will end and return to the upward trend; Then as long as 3270-3300 is still not suppressed in the middle, it will repeatedly rise and fall to test the bottom support; if 3200 is accidentally lost, it will point to 3160-3150, and you need to be mentally prepared in advance, hoping that it will not happen; looking at the 4-hour chart of gold: at this time, the 5-day short-term golden cross is expected to cross the 10-day, then above 3240 will become a certain support performance, and the key strong support is the annual moving average moving up to 3200; one resistance is the big Yin high point in front of 3290, which is also the dividing pressure, and the strong pressure is the middle track 3293, or close to the 3300 mark; pay attention to the gains and losses between support and resistance. The short-term focus on the upper side is the 3270-3290 resistance, and the short-term focus on the lower side is the 3215-3225 support.
Trade active
The market is changing rapidly. Now the market fluctuates greatly. Each wave of the market has its logic behind it. It is not that if it rises, it will rise sharply, and if it falls, it will fall sharply. First of all, we need to judge the trend and see whether it is a rebound or a reversal. If the momentum is not strong, it means that it is just a rebound, and the rebound is to continue to give short opportunities.Trade closed: target reached
ou don’t know when to enter the market and want to double your profits? As long as you persist, your weekly profits can reach more than 100-400% without complicated operations.
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For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
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.