đź“ŚFundamentals:
Focus on the Federal Reserve's interest rate decision
đź“ŠTechnological aspects:
From the golden hour chart, the Asian market is in line with a wave of continued gains and the subsequent adjustment to the 10 moving average of 3350 has stabilized. The European market has slowly moved higher and is approaching the Asian market high. This pattern is still very strong, and there is a high probability of a second rise tonight; The 10 EMA is above 3370 as the primary support and continues to be bullish. As each line closes, the moving support will slowly move up. As long as it does not effectively break, the short squeeze will continue. A breakthrough of 3410 will also happen at any time. If it breaks through, it will be easy to continue to storm above 3420. If it rushes higher and falls back in the evening and falls below the 10 EMA, then If it adjusts to the middle track for the first time, there will still be good support, just continue to be bullish; comprehensively speaking, today's short-term gold operation ideas suggest that the callback is mainly long, and the rebound is supplementary.
🎯 Practical Strategy:
Short strategy: short gold when it rebounds around 3425-3430, target around 3400-3380.
Long strategy: long gold when it pulls back around 3365-3370, target around 3400-3420.
Focus on the Federal Reserve's interest rate decision
đź“ŠTechnological aspects:
From the golden hour chart, the Asian market is in line with a wave of continued gains and the subsequent adjustment to the 10 moving average of 3350 has stabilized. The European market has slowly moved higher and is approaching the Asian market high. This pattern is still very strong, and there is a high probability of a second rise tonight; The 10 EMA is above 3370 as the primary support and continues to be bullish. As each line closes, the moving support will slowly move up. As long as it does not effectively break, the short squeeze will continue. A breakthrough of 3410 will also happen at any time. If it breaks through, it will be easy to continue to storm above 3420. If it rushes higher and falls back in the evening and falls below the 10 EMA, then If it adjusts to the middle track for the first time, there will still be good support, just continue to be bullish; comprehensively speaking, today's short-term gold operation ideas suggest that the callback is mainly long, and the rebound is supplementary.
🎯 Practical Strategy:
Short strategy: short gold when it rebounds around 3425-3430, target around 3400-3380.
Long strategy: long gold when it pulls back around 3365-3370, target around 3400-3420.
Trade active
Since long orders in gold are not going in, then don’t chase long positions at high levels. Since gold has a need for adjustment and at the same time, high levels have begun to stagnate, then there is nothing wrong with short positions at high levels. Gold will be adjusted in the short term.The so-called reliable person has an explanation for everything, a solution for everything, and an answer for everything. I have been committed to the market. Only by insisting on writing useful analysis for investors and making less mistakes on one order, I believe that over time, I will be able to see people's hearts!
Trade closed: target reached
The tips in the strategy have been verified and cashed out as scheduled.1. Arrange a short order near 3398, emphasizing that there will be a correction near 3384 in the short term, Pull back to the target area to take profit and leave the market.
2. Reemphasize the backhand to go long near 3383, and once again take profits near 3394 to exit.
3. In the evening, arrange to go short when the price rebounds near 3428, cash in and fall near 3415, and make another profit. The idea is clear.
Friends who follow the trading plan, you will also get high gains.
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
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.
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
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.