Technical analysis of gold: Today, safe-haven gold has risen strongly again, breaking the shock, and basically no callback, so it is very likely that the risk aversion sentiment will be released directly, and then gold will start to adjust again, so it is not suitable to chase more at this position now, or wait patiently for the opportunity to fall back, gold may rise and fall at any time, gold has risen strongly as expected, and now our expected first target of 3310 has been realized, and long orders have been decisively exited. At present, the 3328 line is under strong pressure again, there is no need to hesitate, open a short order!!!
The 1-hour moving average begins to turn, so the unilateral decline of gold has temporarily come to an end. However, the rise of gold has reached the key resistance area in the early stage, that is, the starting point of the early stage of 3330. It is obviously not appropriate to chase more at this position, so the short-term may begin to adjust, and gold will go short at 3325 in the US market. The market is changing rapidly. If gold breaks upward and does not step back, there will be no opportunity to go long. There is no need to chase more gold. Go short first and wait for the decline and adjustment. On the whole, the short-term operation strategy of gold today is recommended to be mainly short on rebounds, supplemented by long on pullbacks. The short-term focus on the upper side is 3328-3330 resistance, and the short-term focus on the lower side is 3260-3252 support.
Strategy 1: When gold rebounds to around 3325-3328, short sell (buy short) in batches, 20% of the position, stop loss 6 points, target around 3300-3280, break to 3260
Strategy 2: When gold falls back to around 3255-3260, buy (buy up) 20% of the position in batches, stop loss 6 points, target around 3280-3300, break to 3310
The 1-hour moving average begins to turn, so the unilateral decline of gold has temporarily come to an end. However, the rise of gold has reached the key resistance area in the early stage, that is, the starting point of the early stage of 3330. It is obviously not appropriate to chase more at this position, so the short-term may begin to adjust, and gold will go short at 3325 in the US market. The market is changing rapidly. If gold breaks upward and does not step back, there will be no opportunity to go long. There is no need to chase more gold. Go short first and wait for the decline and adjustment. On the whole, the short-term operation strategy of gold today is recommended to be mainly short on rebounds, supplemented by long on pullbacks. The short-term focus on the upper side is 3328-3330 resistance, and the short-term focus on the lower side is 3260-3252 support.
Strategy 1: When gold rebounds to around 3325-3328, short sell (buy short) in batches, 20% of the position, stop loss 6 points, target around 3300-3280, break to 3260
Strategy 2: When gold falls back to around 3255-3260, buy (buy up) 20% of the position in batches, stop loss 6 points, target around 3280-3300, break to 3310
Trade active
Go long when gold falls back to 3355-3365 area, and cover long position when it falls back to 3346-50, stop loss at 3338, target at 3386-3395, click the link to get accurate trading signals
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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.