Gold will maintain high levels and consolidate
Updated
https://www.tradingview.com/x/QNJ9yDRp/
Last Friday, I also informed everyone to enter the market and go long around 1980-1975, and also told the final TP price from 2000-2010.
Looking at this week, if you want to wait for the market to start, you will definitely have to wait until the second half of the week. Because this week will usher in the release of ADP data and non-farm employment data, it will definitely become a trigger.
Judging from the current 60-minute graph: one thing that can be found is that gold has basically maintained a consolidation within the range, but has shown a rising flag state.
Then you can see that 2010 has also reached the top position above the trend line, which is why my long target position is set at 2010.
So, if there is no physical breakout in 2010, gold may face the risk of a downward correction.
Just like before, it remains at the 1950-80 consolidation, but the current position has changed, becoming the 2010-1980 consolidation.
Therefore, in the next operation, just maintain this range, sell high and buy low.
Just enter the market from 1980-1985 to go long, and enter the market from 2010-2015 to go short.
Last Friday, I also informed everyone to enter the market and go long around 1980-1975, and also told the final TP price from 2000-2010.
Looking at this week, if you want to wait for the market to start, you will definitely have to wait until the second half of the week. Because this week will usher in the release of ADP data and non-farm employment data, it will definitely become a trigger.
Judging from the current 60-minute graph: one thing that can be found is that gold has basically maintained a consolidation within the range, but has shown a rising flag state.
Then you can see that 2010 has also reached the top position above the trend line, which is why my long target position is set at 2010.
So, if there is no physical breakout in 2010, gold may face the risk of a downward correction.
Just like before, it remains at the 1950-80 consolidation, but the current position has changed, becoming the 2010-1980 consolidation.
Therefore, in the next operation, just maintain this range, sell high and buy low.
Just enter the market from 1980-1985 to go long, and enter the market from 2010-2015 to go short.
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Gold rose to 1991 and our orders have made money. Everyone can reduce their positionsTrade active
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If you need my help. Need to get more trading signals. You can click on the website link at the bottom.Tomorrow I will share my trading plan for next weekTrade active
If you need my help. Need to get more trading signals. You can click on the website link at the bottom.Tomorrow I will share my trading plan for next week.Happy weekend everyoneTrade active
If you need my help. Need to get more trading signals. You can click on the website link at the bottom.Tomorrow I will share my trading plan for next week.
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