Gold bears raided in the middle of the night on Friday, where wi
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Following Wednesday's Federal Reserve interest rate decision, gold broke through the sun and followed the bullish trend for two days in a row. Friday is usually moved forward, and it is generally not recommended to spend the weekend. Although we have escaped the sudden attack of short sellers in the middle of the night, what we are most concerned about next week is what we will do next week. Has the trend changed?
After four waves of adjustment, the daily gold line is currently in the midst of a five-wave rise. It is also reasonable for the five-wave rise to break through new highs. What we need to care about now is whether gold’s four-wave adjustment is over. The gold daily line is currently adjusting slightly and is expected to bottom out next week. If the daily line stops falling, gold prices will continue to follow the five-wave rising structure. Then a breakthrough to new highs is just around the corner.
The gold 1-hour moving average system has not changed, and the golden cross bulls are still arranged divergently upward. This is also the first time that gold prices have stepped back to confirm the 1-hour double bottom structure. The early up and down conversion levels and long-term moving average support are now around 2008, and you can start adding positions near 2008 next week. If it can hold 2000 points, gold bulls will still be bullish.
The market is like this, with ups and downs, ever-changing, and it is precisely because of this that it is full of charm. If the market stays the same, it ceases to be a market and becomes boring. We never go long or short, we just follow the trend. The market does not rely on luck. Only by constantly learning, constantly summarizing, and having your own good principles can you finally become invincible. No one in this market is a consistent winner. It's important not to be too arrogant. On the premise of taking good protection, act when you see an opportunity. The market is the only criterion for testing strength.
Operation ideas for next week:
Gold is above 2008, stop loss is 2000, target is 2030-2040;
Do you agree with my point of view? Please post your suggestions below
Following Wednesday's Federal Reserve interest rate decision, gold broke through the sun and followed the bullish trend for two days in a row. Friday is usually moved forward, and it is generally not recommended to spend the weekend. Although we have escaped the sudden attack of short sellers in the middle of the night, what we are most concerned about next week is what we will do next week. Has the trend changed?
After four waves of adjustment, the daily gold line is currently in the midst of a five-wave rise. It is also reasonable for the five-wave rise to break through new highs. What we need to care about now is whether gold’s four-wave adjustment is over. The gold daily line is currently adjusting slightly and is expected to bottom out next week. If the daily line stops falling, gold prices will continue to follow the five-wave rising structure. Then a breakthrough to new highs is just around the corner.
The gold 1-hour moving average system has not changed, and the golden cross bulls are still arranged divergently upward. This is also the first time that gold prices have stepped back to confirm the 1-hour double bottom structure. The early up and down conversion levels and long-term moving average support are now around 2008, and you can start adding positions near 2008 next week. If it can hold 2000 points, gold bulls will still be bullish.
The market is like this, with ups and downs, ever-changing, and it is precisely because of this that it is full of charm. If the market stays the same, it ceases to be a market and becomes boring. We never go long or short, we just follow the trend. The market does not rely on luck. Only by constantly learning, constantly summarizing, and having your own good principles can you finally become invincible. No one in this market is a consistent winner. It's important not to be too arrogant. On the premise of taking good protection, act when you see an opportunity. The market is the only criterion for testing strength.
Operation ideas for next week:
Gold is above 2008, stop loss is 2000, target is 2030-2040;
Do you agree with my point of view? Please post your suggestions below
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