Tuesday Market Analysis and Signals
Updated
Gold closed yesterday after a sharp rise and then fell back, with a slight decline on the daily line. A wide range of fluctuations formed around the 2640/2670 range. From the current market, the price is running above the short-term MA5-10, and the moving average is close. This has not yet formed an upward one-sided trend. The long and short positions will have to seesaw repeatedly. Today's trading will continue to be arranged with a short-term oscillation idea.
Gold is now fluctuating at a high level, but gold bulls are still strong at a high level. The decline of gold in the Asian session is to continue to give opportunities for long positions; gold is directly long near 2640 in the Asian session!
The 1-hour moving average of gold is still a golden cross upward bullish arrangement, and gold bulls still have strength to move upward. Gold has pulled back from a high level twice and has adhered to the support above 2640. It continues to buy on dips at 2640 in the Asian session; but what needs to be noted today is that if gold is sideways for a long time and cannot rise, then the moving average may begin to turn around, and the strength of the bulls may be affected. If there is no rise after the European session, it is necessary to give priority to the possibility of shorting.
Today we are now in the 2460~2660 range, selling high and buying low
Gold is now fluctuating at a high level, but gold bulls are still strong at a high level. The decline of gold in the Asian session is to continue to give opportunities for long positions; gold is directly long near 2640 in the Asian session!
The 1-hour moving average of gold is still a golden cross upward bullish arrangement, and gold bulls still have strength to move upward. Gold has pulled back from a high level twice and has adhered to the support above 2640. It continues to buy on dips at 2640 in the Asian session; but what needs to be noted today is that if gold is sideways for a long time and cannot rise, then the moving average may begin to turn around, and the strength of the bulls may be affected. If there is no rise after the European session, it is necessary to give priority to the possibility of shorting.
Today we are now in the 2460~2660 range, selling high and buying low
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Buy near 2638 now earns $10 
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