Gold technical analysis: Gold opened at 3130 in the morning. Yesterday, gold technically accelerated in the Asian session. The European session bulls continued to break through and stood above the 3100 integer mark to reach 3120 and continued to fluctuate strongly. The US session stepped back twice to confirm the stabilization of the 3100 mark and further continued to break through the 3127 mark and closed strongly. Friends who follow me can see that our real-time analysis and the analysis of the article before the US session also successfully entered the long order at the 3103 line. This also verifies the 3127-3130 line suppression given in my article last night. The daily K-line closed with a shock and broke through the high-middle Yang. The overall gold price ushered in the rhythm of bulls accelerating the rise after breaking through the 3050 mark. The daily level closed with a strong medium-yang for three consecutive trading days. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate!
From the 4-hour analysis, today's short-term support is around 3118-3124, with a focus on the 3100-3106 line. Intraday operations follow the retracement and continue to be long. The short-term bullish strong dividing line focuses on the 3096-3100 line. The daily level stabilizes above this position and continues to maintain a low-long rhythm. Short selling can only enter the market at key points, and enter and exit quickly, and do not fight. I will remind you of the specific operation strategy during the session, so please pay attention to it in time.
Gold operation strategy: 1. Gold retracement 3116-3124 line long, retracement 3100-3106 line continue to cover long positions, stop loss 3097, target 3145-3150 line, and continue to hold if it breaks.
Trading discipline: 1. Do not blindly follow the trend: Do not be swayed by market sentiment and other people's opinions, operate according to your own operation plan, market information is complicated, and blindly following the trend can easily fall into the dilemma of chasing ups and downs.
2. In gold trading, we will continue to pay attention to news and technical changes, inform you in a timely manner if there are any changes, strictly implement trading strategies and trading disciplines, move forward steadily in volatile markets, and achieve steady asset appreciation.
From the 4-hour analysis, today's short-term support is around 3118-3124, with a focus on the 3100-3106 line. Intraday operations follow the retracement and continue to be long. The short-term bullish strong dividing line focuses on the 3096-3100 line. The daily level stabilizes above this position and continues to maintain a low-long rhythm. Short selling can only enter the market at key points, and enter and exit quickly, and do not fight. I will remind you of the specific operation strategy during the session, so please pay attention to it in time.
Gold operation strategy: 1. Gold retracement 3116-3124 line long, retracement 3100-3106 line continue to cover long positions, stop loss 3097, target 3145-3150 line, and continue to hold if it breaks.
Trading discipline: 1. Do not blindly follow the trend: Do not be swayed by market sentiment and other people's opinions, operate according to your own operation plan, market information is complicated, and blindly following the trend can easily fall into the dilemma of chasing ups and downs.
2. In gold trading, we will continue to pay attention to news and technical changes, inform you in a timely manner if there are any changes, strictly implement trading strategies and trading disciplines, move forward steadily in volatile markets, and achieve steady asset appreciation.
Trade active
According to what we mentioned in our article, short selling can only enter the market at key points and get in and out quickly. Gold surged higher and fell back to stagflation. Gold bulls are under short-term pressure. Gold may enter an adjustment cycle. Short-term gold is expected to adjust.Gold fell quickly after rising for one hour, but gold bulls did not have the strength to directly go to new highs. Gold bulls entered a short-term adjustment cycle, but there are two types of adjustments. One is the magnitude of the adjustment, and the other is the time of adjustment. Therefore, if gold resists the decline for a long time, then gold may choose to adjust in time, and it may continue to rise. Therefore, if it continues to resist the decline before the US market, then come out first and wait for opportunities.
The market is changing rapidly, and the market is all current. Since gold is currently stagflation, then in the short term, we will first look at the fall. If the fall is not strong, then the US market will follow the trend and continue to increase.
Operation strategy: short near the rebound of 3138-3145, target 3130-3120
Trade closed: target reached
Congratulations to everyone, follow me for decisively setting up short positions in gold when entering the market at key points, strictly implement the fast-in and fast-out trading strategy mentioned in our article, perfectly hit the stop-profit target TP, and successfully make a profit. Follow our pace, strictly abide by trading discipline and make a profit! As long as you give me trust, there will be countless such profit moments in the future! I will spend it with you, and make sure to make a profit without losing money in the market ups and downs! Trading is not only about long-short trading, it is more like a comprehensive practice. In this practice, we have learned to understand the market, manage risks, control emotions, build strategies, wait patiently, continue to learn, and conduct philosophical thinking. These skills and wisdom can not only help us succeed in the financial market, but also allow us to go further and more steadily on the road of life. Trading allows us to grow in challenges, be tenacious in failure, and ultimately become better selves. If your current gold operation is not ideal enough, I hope it can help you avoid investment detours. The information I shared about the gold market recently received a lot of feedback, and everyone said it was very helpful! If you don’t know when to enter the market, you can follow me 🌐. I will release specific signals in real time. Remember to pay attention to the bottom 🌐 signal in time.Friends must keep up with the pace. The subsequent operation strategy is implemented according to the trading plan that is mainly based on the callback in our article. You should wait and see more and do less. Be cautious in chasing orders, and wait patiently for key points to enter the market. During the session, I will remind everyone to pay attention to it in time. If your current gold operation is not ideal, I hope your investment will avoid detours. Welcome to communicate!
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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.