Gold will continue to be shorted after the rebound
Updated
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On March 8, gold's short orders near 1823 successively took profit and left the market near 1813-1812, accurately seizing the profit margin of the retracement after the rebound.How to seize the opportunities in the gold market today.
From the perspective of technical analysis, we can see where the operating opportunities for gold are from the following points:
Currently on the 4-hour level map:
https://www.tradingview.com/x/OXO8Zq1S/
The stochastic indicator shows the golden fork, which supports the bullish gold market in the short term, but one thing to note is that although the gold price rebounded in the short term, the overall rebound high pressure has been shown, temporarily at the position of 1825; and the pressure position of the middle Bollinger band will gradually move down to the position of 1830.
Taken together, the operating idea in the short-term intraday period is to choose the idea of low absorption and high throwing in the range of 1810-1825.
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USOIL
XAUUSDGOLDXAUUSD
On March 8, gold's short orders near 1823 successively took profit and left the market near 1813-1812, accurately seizing the profit margin of the retracement after the rebound.How to seize the opportunities in the gold market today.
From the perspective of technical analysis, we can see where the operating opportunities for gold are from the following points:
- 1.After Tuesday's plunge, there should be two types of trends on Wednesday. One is to continue the decline, and it must fall below the trend of 1810-1805 in order to continue the decline; the other is to stop the decline and rebound to correct, but the correction will not be very strong, and the pressure will be on the short-term top and bottom conversion pressure of 1820-1830, and then continue to oscillate.
2.Obviously, the second type of trend was followed on Wednesday. After stopping the decline, a small rebound was formed, which was obviously under pressure on the short-term top-bottom conversion pressure position 1820-1830 line, and the decline was supported by the 1810-1805 line, thus forming an inter-cell shock trend of 1805-1830.
3.Fluctuating trends between small zone, there are opportunities for long and short positions, but planned transactions are required in operation, otherwise they will be swept back and forth between small zone.
Currently on the 4-hour level map:
https://www.tradingview.com/x/OXO8Zq1S/
The stochastic indicator shows the golden fork, which supports the bullish gold market in the short term, but one thing to note is that although the gold price rebounded in the short term, the overall rebound high pressure has been shown, temporarily at the position of 1825; and the pressure position of the middle Bollinger band will gradually move down to the position of 1830.
Taken together, the operating idea in the short-term intraday period is to choose the idea of low absorption and high throwing in the range of 1810-1825.
In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies.
USOILXAUUSDGOLDXAUUSDTrade active
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