Technical analysis of gold: After rising and falling today, gold has been falling all the way and broke down, directly falling below the key position of 3350. Since it broke down, gold will go short in the afternoon. The current trend of gold is exactly the same as we expected. After repeated shocks yesterday, it rose sharply in the morning and swept the shorts before turning around and breaking again quickly, killing both long and short positions perfectly!
Gold's 1-hour moving average high also began to turn, and the bulls were hit. The afternoon rebound pressure 3350 is short. Currently, gold has fallen below yesterday's 3350 rising platform, so today's decline will focus on 3303! There is nothing to hesitate. The rebound of 3350 is an opportunity to increase positions and short, with a target of around 3305! Since the bullish volume of the gold market has been released, the bulls need to be repaired in the short term before they can rise further. Gold will go short in the afternoon. On the whole, the short-term operation strategy for gold today is to focus on rebound shorting and callback longing. The short-term focus on the upper side is 3350-3360 resistance, and the short-term focus on the lower side is 3300-3305 support.
Short order strategy:
Strategy 1: When gold rebounds to around 3349-3352, short (buy short) 20% of the position in batches, stop loss 10 points, target around 3320-3305, break to 3300
Long order strategy:
Strategy 2: When gold falls back to around 3300-3305, buy long positions in batches (buy up) with 20% of the position, stop loss 10 points, target around 3320-3330, break the position and look at 3340
Gold's 1-hour moving average high also began to turn, and the bulls were hit. The afternoon rebound pressure 3350 is short. Currently, gold has fallen below yesterday's 3350 rising platform, so today's decline will focus on 3303! There is nothing to hesitate. The rebound of 3350 is an opportunity to increase positions and short, with a target of around 3305! Since the bullish volume of the gold market has been released, the bulls need to be repaired in the short term before they can rise further. Gold will go short in the afternoon. On the whole, the short-term operation strategy for gold today is to focus on rebound shorting and callback longing. The short-term focus on the upper side is 3350-3360 resistance, and the short-term focus on the lower side is 3300-3305 support.
Short order strategy:
Strategy 1: When gold rebounds to around 3349-3352, short (buy short) 20% of the position in batches, stop loss 10 points, target around 3320-3305, break to 3300
Long order strategy:
Strategy 2: When gold falls back to around 3300-3305, buy long positions in batches (buy up) with 20% of the position, stop loss 10 points, target around 3320-3330, break the position and look at 3340
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How many people are trapped in today's market? I believe there are many such people, so I always tell people that risk management is important, and stop loss is also one of the trading techniques. If you don't understand, you can trade with me.
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The passage to the door of wealth
Welcome to join us and make profits together
t.me/+fkCVmo8SFiJkMDZk
Welcome to join us and make profits together
t.me/+fkCVmo8SFiJkMDZk
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.