Gold SpotShort
Gold enters short unilateral trend
Updated
Yesterday, the technical aspect of gold was suppressed below 2650 throughout the day, showing a weak and volatile trend. The U.S. market fell slightly and fell back to the 2632 mark, oscillating sideways. After the interest rate meeting, it quickly penetrated the 2600 mark downwards, forming a unilateral short downward trend. The final price of gold closed at 2 The closing below 600 suppressed the long-term decline, and the overall gold price has completely entered a weak unilateral short position. In the first few days of this week, I gave short selling trading strategies. I believe friends who follow my TradingView community can see that, today Continue to short on the day's rebound.
From the 4-hour analysis, today's upper resistance is around 2625-30. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target is still concerned about breaking the bottom. The short-term long and short strength watershed is 2640. The daily level is under pressure below this position and continues to maintain the main short rhythm of the rebound. The counter-trend long orders are not involved.
Gold operation strategy:
1. Gold rebounds to 2625-2632, short position, stop loss 2637, target 2605-2600;
Trade active
At present, the gold price is oscillating around 2593. Everyone has found that if the mirror image of area A is turned up and the image of area C is turned down, it will be an extension of the box oscillation in area B. It also shows that the energy in the three areas A, B, and C has been consumed, so the next step is Bearish. In the first case, once it falls below 2590, the next support for gold will be near 2575. In the second case, if gold rebounds, the resistance level will be near 2630. As long as 2630 does not break, it is still a trading strategy of shorting at high levels.
Remember, the trend is still short, don’t go against the trend and chase bulls.
Trade closed: target reached
From a technical point of view, yesterday's U.S. gold closed with a long upper shadow line. Although it closed above the lower Bollinger Band, it was only one step away from the 2585 support, and the weakness was still obvious. Therefore, don't blindly guess where the bottom is, and continue to be bearish and short. Looking back on this week, our trading strategies are all short orders, and it is very worry-free to trade with the trend! After the rebound of the 4H cycle chart, it closed under pressure and confirmed that the pressure of the breakthrough low point coincided with the pressure of the middle track, and it was still a weak downward trend. Combined with the 1H cycle 2626 high point as the starting point of the decline, the intraday pressure remained at 2612 and 2626.
Today's operation strategy:
Continue to maintain high altitude, then gradually look down to 2585, and then look at 2575 and 2556 after the breakthrough!
Operation suggestion: Short gold near 2615, stop loss 2622, target points 2600 and 2585!
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