Gold,focus on the downward rise in support resistance position.
Updated
On the gold side, it fell and then rose, continued to break through the previous resistance position, and D line closed positive.
And yesterday, what should have fallen also fell, the first fell and then rose up, everything is still relatively perfect.
On the one hand, the D-line four positive whether in this wave up or retracement, are the largest.
So, after the cross to see more, it will need a larger retracement, and first down and then up, is to continue to maintain up thinking.
1, a combination of the previous day the U.S. market to the Asian market down, yesterday first to give you a look at the retracement, at least below 1955, the strategy also gave the support position of 1952.
2, the market from the beginning of last week, in on the location of the medium-term multi to everyone planning, the point in time completely overlap, but the price is unfortunately, there is a difference. And after the big sun rose, has been along with the bullish, yesterday is also looking forward to the double bottom position first down and then up.
European market helpless gold prices did not reach the position of 1950, well in the ADP news market we are in 1958-59buy, rising profitably.
The following are the technical points that need attention yesterday:
1, the European market first down and then up, back to the Asian market open down mouth 1965 position, went V, usually V-shaped trend, must not break the bottom again for the second time, unless great news impact.
2, the U.S. market before and after the time up, this pattern, has been stressed, either the U.S. market rises and falls, or is a rapid bottoming out.
And the U.S. time before the first down, it must be to see the bottoming out. h1 hourly big positive bottom in 1960, and 618 position in 1959, which is the location of yesterday's U.S. market 1958-59buy, see the first down and then up.
3, h1 hourly chart on the one hand, the price can not break through the intra-day low, on the other hand, must be even positive, and finally, it is best to continue to break through the previous high. This is the sign of a rise.
So, yesterday's U.S. trading is definitely a card two-headed trend: first down and then up is BUY, if the rise is definitely a double top pattern position SELL.
And the U.S. market after the first down, buy order entry, sell order is out of the question.
For today's aspect:
Gold, currently out of the five suns. In fact, four suns, dare not look too much up is there is resistance, but five suns instead to BUY, on the one hand, first down and then up, the market concentrated chips, in addition to open up the space.
But also note that the market is a shock rise, not a strong trend, which will have to grasp the time and location of entry.
Usually the previous day up, the second day retreat, then the location of the entry three: the bottom of the big positive line, the early morning correction low, and 382 position.
The first two did not, 382 position near 1971.5. But the h1-hour line first down and then up is at 1970.
At the same time, the timing of yesterday's rise in the European session, so today, pay attention to the timing and location.
Intraday attention: 1970-71.5 support position. Strong resistance at 1985-6.
And to note that the double top resistance in 1986 near, today, do not be afraid, first down and then up and yesterday, the U.S. market before touching 1986 near can be empty, loss 93, the target look below 1977.
The bottoming out, not to mention look to continue to close the sun, which looks at two points:
1, one is the continuation of the long, but not necessarily to break the high, up to the high point also have profits.
2, the rush back down, resistance level 1986 or to pay attention to the next.
And yesterday, what should have fallen also fell, the first fell and then rose up, everything is still relatively perfect.
On the one hand, the D-line four positive whether in this wave up or retracement, are the largest.
So, after the cross to see more, it will need a larger retracement, and first down and then up, is to continue to maintain up thinking.
1, a combination of the previous day the U.S. market to the Asian market down, yesterday first to give you a look at the retracement, at least below 1955, the strategy also gave the support position of 1952.
2, the market from the beginning of last week, in on the location of the medium-term multi to everyone planning, the point in time completely overlap, but the price is unfortunately, there is a difference. And after the big sun rose, has been along with the bullish, yesterday is also looking forward to the double bottom position first down and then up.
European market helpless gold prices did not reach the position of 1950, well in the ADP news market we are in 1958-59buy, rising profitably.
The following are the technical points that need attention yesterday:
1, the European market first down and then up, back to the Asian market open down mouth 1965 position, went V, usually V-shaped trend, must not break the bottom again for the second time, unless great news impact.
2, the U.S. market before and after the time up, this pattern, has been stressed, either the U.S. market rises and falls, or is a rapid bottoming out.
And the U.S. time before the first down, it must be to see the bottoming out. h1 hourly big positive bottom in 1960, and 618 position in 1959, which is the location of yesterday's U.S. market 1958-59buy, see the first down and then up.
3, h1 hourly chart on the one hand, the price can not break through the intra-day low, on the other hand, must be even positive, and finally, it is best to continue to break through the previous high. This is the sign of a rise.
So, yesterday's U.S. trading is definitely a card two-headed trend: first down and then up is BUY, if the rise is definitely a double top pattern position SELL.
And the U.S. market after the first down, buy order entry, sell order is out of the question.
For today's aspect:
Gold, currently out of the five suns. In fact, four suns, dare not look too much up is there is resistance, but five suns instead to BUY, on the one hand, first down and then up, the market concentrated chips, in addition to open up the space.
But also note that the market is a shock rise, not a strong trend, which will have to grasp the time and location of entry.
Usually the previous day up, the second day retreat, then the location of the entry three: the bottom of the big positive line, the early morning correction low, and 382 position.
The first two did not, 382 position near 1971.5. But the h1-hour line first down and then up is at 1970.
At the same time, the timing of yesterday's rise in the European session, so today, pay attention to the timing and location.
Intraday attention: 1970-71.5 support position. Strong resistance at 1985-6.
And to note that the double top resistance in 1986 near, today, do not be afraid, first down and then up and yesterday, the U.S. market before touching 1986 near can be empty, loss 93, the target look below 1977.
The bottoming out, not to mention look to continue to close the sun, which looks at two points:
1, one is the continuation of the long, but not necessarily to break the high, up to the high point also have profits.
2, the rush back down, resistance level 1986 or to pay attention to the next.
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Gold, NF Briefing
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NF, today's forecast is 19. It has never been below 22 since May 2022. last month's previous value was at 25.3. then as long as the published value is greater than 19, it will be bad for gold. If it is less than 19, it will be positive for gold.From the simple analysis so far, it seems to be more unfavorable to gold than favorable to gold.
You should be clear that in the new crown virus 2021, the toughest year for the global economy, the lowest published value was also 19.4.
Of course, anything can happen.
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Today's very strategy is correct and we continue next week. Have a great weekend.
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