Emotional stability is the basis for trading gold
Updated
https://www.tradingview.com/x/yVdtLN5Q/
Stabilizing emotions means reducing desires and satisfying needs. The demand is that I only make 5 profit points, and I will be happy when I make it. I don’t care no matter how big the subsequent profits are. This is demand, and demand can be met. When you are satisfied, you will be happy. Eat when you are hungry and stop eating when you are full. This is demand. And desire is that I want to go to the third floor. After going there once, I want to go there a second time and a third time.
Looking at the market today, there is currently a drop in the CD section of the bat pattern band in the harmonic trading pattern. There is a high probability that the price will continue to fall in the band today. Therefore, the suggestion for participating in trading today is to wait for the price to fall below the 2310-2318 range, and then the price rebounds to test the pressure of this position and enter the market bearishly, with the target looking at the 2287-2283 range. If the U.S. market has support near this price, or a bullish reversal K-line pattern appears, you can consider setting the bullish stop loss below 2278 in the evening U.S. market.
In the afternoon of the white market, the price surged to around 2320, which is considered to be close to the previous high point of the pattern. It has already fallen below during the European market stage, so I still feel that the probability of decline is greater. Just go to the vicinity of 2285 to see the rise.
Stabilizing emotions means reducing desires and satisfying needs. The demand is that I only make 5 profit points, and I will be happy when I make it. I don’t care no matter how big the subsequent profits are. This is demand, and demand can be met. When you are satisfied, you will be happy. Eat when you are hungry and stop eating when you are full. This is demand. And desire is that I want to go to the third floor. After going there once, I want to go there a second time and a third time.
Looking at the market today, there is currently a drop in the CD section of the bat pattern band in the harmonic trading pattern. There is a high probability that the price will continue to fall in the band today. Therefore, the suggestion for participating in trading today is to wait for the price to fall below the 2310-2318 range, and then the price rebounds to test the pressure of this position and enter the market bearishly, with the target looking at the 2287-2283 range. If the U.S. market has support near this price, or a bullish reversal K-line pattern appears, you can consider setting the bullish stop loss below 2278 in the evening U.S. market.
In the afternoon of the white market, the price surged to around 2320, which is considered to be close to the previous high point of the pattern. It has already fallen below during the European market stage, so I still feel that the probability of decline is greater. Just go to the vicinity of 2285 to see the rise.
Trade active
Gold’s current decline will definitely rebound to around 2315Trade active
Gold has rebounded to its entry positionTrade active
Gold is starting to fallTrade active
Did you see that? Gold is starting to fallTrade active
Don’t rush to look at the temporary data. We need to judge the market calmly. Gold started to fall after the adjustment. This is in line with our analysis.Trade active
Hello, did you see what I said?Trade active
There are no problems with the direction and thinking. The pressure at the 2320 position is very good. I tested it many times during the market on Wednesday, but there was no breakthrough. The pressure was tested again today, and the market continued to fall back. The entry point in the intraday layout was empty. , may be a bit radical, but there is no problem with the direction. I still continue to hold the short position. The U.S. market can go below the 2300 line before and after the market. The U.S. market has a strong strength to go down.Now hold the short position patiently. There is no need to challenge the downward trend in the short term. The small range has not fallen below. Both upward and downward are possible. We will patiently hold the short position. The US market is expected to adjust.
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.