Every time I write an analysis, I hope that my friends who read it can gain something. Gold fell again on Friday to a new low. Gold fell sharply again on Friday and hit a new low. In the 4H cycle, it bottomed out and rebounded due to the news at the end of the day. Although gold prices hit a low of 2832 in late trading, they ushered in a wave of rebound. However, because the price is still running in the middle of the Bollinger Bands and below the short-term 10 moving average, it has driven the short-term moving average downward to the 2866-2888 area. In the domain, other cyclical indicators maintain a short position, and the overall downward trend of Bollinger Bands intensifies. However, the macd indicator fast line turns upward, failing to give short sellers downward momentum, and the RSI indicator intentionally strengthens the upward potential above the 30 axis. Therefore, at the 4-hour level, the overall downward trend of gold prices after short-term correction can still be seen. As long as the rebound is not strong, gold still has room to fall. Then next week's opening will focus on the resistance near 2880, but as long as it is still under pressure and blocked below 2880, then gold can continue to be short. If gold breaks through 2880 strongly, then it is necessary to adjust its thinking. Pay attention to news changes over the weekend, and we will do further analysis on Monday.
Finally, whether you are a novice trader, or you want to maintain a stable trading win rate to get more generous returns, or you want to create a valuable and free life through trading, or you are now deeply troubled by losses, you can find what you need at the bottom of the article, and wish all of us all the best in trading! Have a good weekend, brothers!!!
Finally, whether you are a novice trader, or you want to maintain a stable trading win rate to get more generous returns, or you want to create a valuable and free life through trading, or you are now deeply troubled by losses, you can find what you need at the bottom of the article, and wish all of us all the best in trading! Have a good weekend, brothers!!!
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Pay attention to the resistance near 2880 at the opening of next week, but as long as it is still under pressure and resistance below 2880, then gold can continue to be short. If gold breaks through 2880 strongly, then it is necessary to adjust the thinking.Trade closed: target reached
In the past two days, I have been advocating and insisting on shorting gold in the 2875-2877 area, from shorting gold at the beginning, and then continuing to short gold. I am very much looking forward to a new round of gold decline. I said that only by walking ahead of most people can we eat more cakes and make more profits. If you also want to make money like drinking water, you can move your fingers and check the bottom of the article
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Free trading signals are released every day, with a monthly return rate of nearly 400%. If you also want to copy trading signals, you can join the Telegram group: t.me/Allenview
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.