Gold, bounce bearish
Updated
JK:
Gold, yesterday's high fall, the daily inverted hammer, the price again back to 1940 pre-low position, at the same time, also formed a triple negative situation.
From the current rhythm, this is completely different from the front expected, want to break through, certainly hope that the big sun break high, rather than suppression retreat, this retreat, the formation of a finishing range, which is what we call the steps, depending on the steps up or down.
From a daily perspective, this is even if the bottom is broken, but also more or less washboard components, and in any case, do more to slow down a bit.
The main thing is that the number of bottoms tested is too much, and you must know that the price keeps testing support, the probability of a breakout becomes greater, and the stronger the trend, the fewer times the test.
So from the beginning of the week, talk about a point: breakthrough, must look at the daily watershed, whether it is a cross K or a small negative or not, as long as it is a breakthrough, the trend is out.
But yesterday's rush back down is considered to hold the long side down.
And yesterday's technical points are relatively simple:
1, intra-day look, but poor performance, the European small rise continued to the previous day's highs near 1965, but the hourly line is a negative and positive line interchange, this pattern, still look at the U.S. market, and yesterday was also the U.S. market first rush, which is not technical, but with the news to test the previous highs, more than a single is considered to have completed the expected rise.
2, the second step back, the hour line with the news to test the previous day's lows, while the back of the formation of even down pattern, once the second step back to the previous day's lows, in fact, is broken intraday lows, can not be secondary more.
3, down without a rebound, directly to the front daily low of 1940 a line, which still means that the second day rebound to empty.
This U.S. decline, very weak closing, the morning rebound up the market, then the next day the European market must be empty, rebound strength is large oscillation, rebound strength small European retracement is weak.
So, the focus or whether the second down, according to the two-day trend, if the European market is not weak, then the U.S. market is still a high fall.
And down in the reversal, short location: the early morning reversal of the high point, the golden mean 382 position and the top of the hourly large negative.
And according to now, the continuation of the fall level in 1947 a line, and 382 position in 1951.5.
This is one more point, is the top-bottom conversion level, in 1949-50.
Intraday 1952-53 can sell, sl57, tp1941-2, which if broken 40 in the European market, then the trend is weak, if the European counter-attack, the U.S. market to see the high fall, adjust the position of the second empty can be.
At the same time, the moment continue to test the bottom, regardless of the rebound or how, temporarily do not arrange for more single, first empty to see if it can break in said.
The above views, for reference only, investment risk, enter the market need to be cautious; please strict stop loss, control the proportion of funds, rational trading.
Gold, yesterday's high fall, the daily inverted hammer, the price again back to 1940 pre-low position, at the same time, also formed a triple negative situation.
From the current rhythm, this is completely different from the front expected, want to break through, certainly hope that the big sun break high, rather than suppression retreat, this retreat, the formation of a finishing range, which is what we call the steps, depending on the steps up or down.
From a daily perspective, this is even if the bottom is broken, but also more or less washboard components, and in any case, do more to slow down a bit.
The main thing is that the number of bottoms tested is too much, and you must know that the price keeps testing support, the probability of a breakout becomes greater, and the stronger the trend, the fewer times the test.
So from the beginning of the week, talk about a point: breakthrough, must look at the daily watershed, whether it is a cross K or a small negative or not, as long as it is a breakthrough, the trend is out.
But yesterday's rush back down is considered to hold the long side down.
And yesterday's technical points are relatively simple:
1, intra-day look, but poor performance, the European small rise continued to the previous day's highs near 1965, but the hourly line is a negative and positive line interchange, this pattern, still look at the U.S. market, and yesterday was also the U.S. market first rush, which is not technical, but with the news to test the previous highs, more than a single is considered to have completed the expected rise.
2, the second step back, the hour line with the news to test the previous day's lows, while the back of the formation of even down pattern, once the second step back to the previous day's lows, in fact, is broken intraday lows, can not be secondary more.
3, down without a rebound, directly to the front daily low of 1940 a line, which still means that the second day rebound to empty.
This U.S. decline, very weak closing, the morning rebound up the market, then the next day the European market must be empty, rebound strength is large oscillation, rebound strength small European retracement is weak.
So, the focus or whether the second down, according to the two-day trend, if the European market is not weak, then the U.S. market is still a high fall.
And down in the reversal, short location: the early morning reversal of the high point, the golden mean 382 position and the top of the hourly large negative.
And according to now, the continuation of the fall level in 1947 a line, and 382 position in 1951.5.
This is one more point, is the top-bottom conversion level, in 1949-50.
Intraday 1952-53 can sell, sl57, tp1941-2, which if broken 40 in the European market, then the trend is weak, if the European counter-attack, the U.S. market to see the high fall, adjust the position of the second empty can be.
At the same time, the moment continue to test the bottom, regardless of the rebound or how, temporarily do not arrange for more single, first empty to see if it can break in said.
The above views, for reference only, investment risk, enter the market need to be cautious; please strict stop loss, control the proportion of funds, rational trading.
Trade active
Gold is still weak links, rebound up repeatedly under pressure are down to end, so the short-term structure or weak structure, the trend is weak, then the layout of the main direction or empty. Secondly, the recent market conversion is relatively frequent, low stop out rebound, high stagnation often pressure is down, so the current market in the low stop stage, first look at the rebound and then look at the second down. In general, the day first look at the rebound and then plan to do short to see the fall, low stop dip low more to see the rebound, followed by the upside blocked opportunities and then do short single plan to participate, once the opportunity to break the upper and lower edges of the range, then follow along to follow!
Trade closed: target reached
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