Gold is still range-bound, and it will fall back slightly next w
Updated
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Judging from the one-hour chart, there is no unilateral trend in gold's recent trend. The main trend is shock, which is the adjustment form of the falling flag. When the shock ends, there is a high probability that it will continue to fall below and continue to fall. However, this is just a possibility of breakthrough. Whether to break through upward or downward is decided by the market!
But the only thing that can be confirmed at the moment is that the one-hour trend is still intact and sweeping back and forth between channels. At the same time, the recent data market is in a passivation stage. Data cannot sway the market, which means adjustments will continue. Persist until a unilateral breakthrough! Taken together, the gold price trend next Monday will still be dominated by shocks, with selling high and buying low!
From a technical perspective, the current situation is that the moving average golden cross supports gold prices. In addition, the recent swing lows have continued to rise. The channel is actually bullish, and short-term operations are easy to control. ! Although the overall position is bearish, it will continue after falling below. In fact, short-term operations are not greatly affected by the general environment. Relying on the pattern of the ascending channel, going long after a pullback is more stable than going higher!
specific strategies
Gold will break through 2320 next Monday, stop loss at 2310, and target 2350
The above are my predictions for next week. If you agree, please leave me a message.
Judging from the one-hour chart, there is no unilateral trend in gold's recent trend. The main trend is shock, which is the adjustment form of the falling flag. When the shock ends, there is a high probability that it will continue to fall below and continue to fall. However, this is just a possibility of breakthrough. Whether to break through upward or downward is decided by the market!
But the only thing that can be confirmed at the moment is that the one-hour trend is still intact and sweeping back and forth between channels. At the same time, the recent data market is in a passivation stage. Data cannot sway the market, which means adjustments will continue. Persist until a unilateral breakthrough! Taken together, the gold price trend next Monday will still be dominated by shocks, with selling high and buying low!
From a technical perspective, the current situation is that the moving average golden cross supports gold prices. In addition, the recent swing lows have continued to rise. The channel is actually bullish, and short-term operations are easy to control. ! Although the overall position is bearish, it will continue after falling below. In fact, short-term operations are not greatly affected by the general environment. Relying on the pattern of the ascending channel, going long after a pullback is more stable than going higher!
specific strategies
Gold will break through 2320 next Monday, stop loss at 2310, and target 2350
The above are my predictions for next week. If you agree, please leave me a message.
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If you see my analysis, please be preparedTrade active
Once again, we emphasize that our bullish trend of rising gold prices remains unchanged, and local adjustments cannot be ignored. This cannot be ignored from two aspects, one is space, and the other is time.Trade active
Will gold do what I predict?Trade active
Have a great weekend, how are you?Trade active
are you readyTrade active
Gold is bullish in the short termTrade active
Opportunities are only for those who are preparedTrade active
if you see please tell meTrade active
I wish you a good mood on the new dayTrade active
Gold is expected to fall first and then rise!Trade active
Good luck will surely come to youTrade active
My prediction was correct. Gold will rise at the opening. Congratulations again to everyone for your first win on Monday.
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