Yesterday, the technical aspect of gold opened in the Asian session and immediately ushered in a strong bullish pull-up. The European session broke through and stood above the 3300 integer mark and entered a strong shock consolidation. The US gold price fluctuated repeatedly and stabilized above the 3300 integer mark and ushered in an accelerated pull-up. Finally, the gold price broke through the 3320 mark in the early morning and continued to rise to around 3350 and closed strongly. The daily K-line closed with a shock break and a long positive, and the daily increase reached 120 US dollars. The overall technical form has completely entered the rhythm of bullish squeeze. At present, all technical aspects are overbought, and short-term technical indicators are distorted. The overall rise logic is greatly affected by the external risk aversion sentiment. The bullish momentum still exists, and the retracement continues to look for opportunities to go long. However, it is worth noting that Friday is Good Friday, and today's weekly close will lead to profit-taking in the market.
From the 4-hour analysis, today's lower support focuses on 3310-3305, and focuses on the important support of 3293-90. This position is also the watershed between the strength and weakness of the bulls and bears during the day. Be cautious about chasing more at high levels. I will prompt you with specific operating strategies during the session, so please pay attention in time.
Gold operation strategy: 1. Go long when gold falls back to 3310-3305, and add to long position when it falls back to 3288-93. The target is 3345-3350.
From the 4-hour analysis, today's lower support focuses on 3310-3305, and focuses on the important support of 3293-90. This position is also the watershed between the strength and weakness of the bulls and bears during the day. Be cautious about chasing more at high levels. I will prompt you with specific operating strategies during the session, so please pay attention in time.
Gold operation strategy: 1. Go long when gold falls back to 3310-3305, and add to long position when it falls back to 3288-93. The target is 3345-3350.
Trade active
Affected by Powell's speech, gold once again rose sharply, continuing to the highest level of 3358 in the Asian session. The daily line finally closed with a big positive. Yesterday, it rose by 100 points. The strength is unstoppable. Today, we still maintain a bullish mindset and follow up with long positions. In the 4H cycle, the Bollinger opening is upward, relying on the moving average to rise steadily. The support below is maintained at 3315-3310 and 3305. In terms of operation, we go long according to the strength of the decline. The upper side is gradually expected to reach 3358, and the break is expected to reach 3385. However, it is worth noting that Friday is Good Friday, and the weekly line is closed today. Be careful of profit-taking in the market.Trade closed: target reached
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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. Join the Telegram group and start your journey of making https://money.https://t.me/TP_Dani
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.