Gold: how to choose between long and short?
Updated
At presentthe, fluctuation range of gold was not significant, The main strategy today is still to continue buying with support at 1830 and selecting appropriate entry points.
Shock stage,waiting for a breakthrough. Above the 1830 support in the morning, a small pullback can be directly used as an entry point for long positions. Breaking yesterday's high point will further rise to the pressure zone of 1850, and the short-term resistance above is still the 1850 level, which has been repeatedly tested last week without a breakthrough. This area is still our short-term target for bullish trading and the area of consolidation resistance to focus on. If broken, further upward movement to the 1880 level is possible.
(I believe that the label on the first picture is relatively clear, and friends who are unclear or have other ideas can leave a message below for discussion.)
Technically, the MACD has formed a small-period dead cross, and there is currently a demand for adjustment. Without new driving force, the market's wait-and-see sentiment is relatively heavy, requiring sufficient patience.
My personal trading strategy is to buy gold near 1834, with stop loss at 1827 and take profit at 1850. Specific predictions and corresponding buying and selling points have already been marked in the process, which should be relatively clear.
The market is constantly changing, and everyone needs to keep track of it at all times. Click the rocket for updates.
Shock stage,waiting for a breakthrough. Above the 1830 support in the morning, a small pullback can be directly used as an entry point for long positions. Breaking yesterday's high point will further rise to the pressure zone of 1850, and the short-term resistance above is still the 1850 level, which has been repeatedly tested last week without a breakthrough. This area is still our short-term target for bullish trading and the area of consolidation resistance to focus on. If broken, further upward movement to the 1880 level is possible.
(I believe that the label on the first picture is relatively clear, and friends who are unclear or have other ideas can leave a message below for discussion.)
Technically, the MACD has formed a small-period dead cross, and there is currently a demand for adjustment. Without new driving force, the market's wait-and-see sentiment is relatively heavy, requiring sufficient patience.
My personal trading strategy is to buy gold near 1834, with stop loss at 1827 and take profit at 1850. Specific predictions and corresponding buying and selling points have already been marked in the process, which should be relatively clear.
The market is constantly changing, and everyone needs to keep track of it at all times. Click the rocket for updates.
Trade active
Gold continues to trade within a range, there is no need to worry.
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