In terms of short-term indicators: the 4-hour stochastic indicator is blunted and glued at a high level, the MACD double lines are glued and blunted upward, and in terms of K-line pattern, the step-by-step rise continues, all of which are signals of bullish control.Operation: From a purely technical perspective, today's market should be long, and no bearish signals can be found. When all signals are biased towards long positions, it is necessary to pay attention to the downward movement. In addition, there will be data tomorrow morning: the US Federal Reserve's interest rate decision (upper limit) until March 19, so there is a risk of gold falling today. Specific operation ideas:
1. If the price touches 3045, short it and wait for a retracement. Protect 5 points and target around 3018;
2. If the price falls below 3018 and waits for a rebound, short it around 3025. Protect 5 points and target around 3006
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.
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.