On Friday, gold pushed up to test the 2000 mark, but fell straight after failing to reach it. Today it opened directly lower, and then rebounded and encountered resistance at 1980, indicating that the rise has temporarily come to an end and the adjustment has begun! The adjustment range is within the range of 1940-1990! The next trend is to sell high and buy low! Now it is a correction period after a big rise, so we are short in the early trading. We rely on the pressure of 1980 to go short. We are bearish first, and we will buy more when we get support below!
Only by knowing the current market situation well can we deal with the current trend with ease!
Judging from the 4-hour trend, gold has been rising in shocks from around 1800 to around 2000, but the shock process has not touched the support of the 4-hour Bollinger Band, which is very strong! But now to start the adjustment, it must touch the lower Bollinger Band! One situation is that the K-line falls and takes the initiative to approach the lower Bollinger track; the other is that it fluctuates at a high level, and the Bollinger lower track is close to the K-line! No matter what the situation, the current gold shock is inevitable! And the first wave of corrections after a big rise is often very violent! So continue to short in early trading!
Only by knowing the current market situation well can we deal with the current trend with ease!
Judging from the 4-hour trend, gold has been rising in shocks from around 1800 to around 2000, but the shock process has not touched the support of the 4-hour Bollinger Band, which is very strong! But now to start the adjustment, it must touch the lower Bollinger Band! One situation is that the K-line falls and takes the initiative to approach the lower Bollinger track; the other is that it fluctuates at a high level, and the Bollinger lower track is close to the K-line! No matter what the situation, the current gold shock is inevitable! And the first wave of corrections after a big rise is often very violent! So continue to short in early trading!
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Today's strategy is very good. We sold at Sell@1981 and closed the position with profit in 1970. All friends who followed have made substantial profits. Congratulations to everyone.
If you also want to get my accurate signal, you can contact me!
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If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.