Gold Spot / U.S. DollarUpdated Gold is skyrocketing, tall buildings can collapse at any time
Gold continues to maintain a bullish trend, and the structure is intact. The daily line hit a record high again at the beginning of the week, and the daily line rose sharply and closed. The MA10/7-day moving average continued to open and moved up to 2842/2867. The price continued to run along the upper track of the Bollinger Band. The RSI indicator has reached a high of 80 values. It is necessary to pay attention to the overbought indicators after a large increase.
The short-term four-hour chart formed three bullish sprints on Monday. The price continued to run along the upper track of the Bollinger Band. The MA10/7-day moving average continued to open upward and continued to maintain a bullish structure. The price continued to run in the trend, and the callback followed the trend and participated in low-long!
Since the opening of the Asian session gold price, gold has almost been in this continuous upward trend pattern during the day, without too much retracement, and every retracement is an opportunity to go long! We can't wait for a larger retracement. Gold is strong and the trend is difficult to change. Continue to be bullish!
Gold prices fell today and continued to go long near 2900! Seeing yesterday's market, I feel helpless, because the market has formed inertia and is becoming more and more irrational. Everyone is rushing into the market to buy gold, pushing up the price of gold. Is this really a correct trading behavior?
I dare not say anything else. From my own point of view, the risk of the gold market has become greater and greater, and the fear conveyed by the market has become stronger and stronger. In addition, gold has risen directly without a correction, and the highest rise has fallen to 2930! In addition, the inflow of funds and the recovery of positions in gold ETFs indicate the structural growth of investment demand.
It directly ignited market sentiment. From the hourly chart, it still maintains a good upward trend, with the previous high and low rising together, and bulls are still the main tone. Therefore, it is prudent to wait patiently for the price to fall back to the low level and play with the trend.
Key points:
First support: 2919, second support: 2907, third support: 2898
First resistance: 2938, second resistance: 2956, third resistance: 2973
Operation ideas:
BUY: 2905-2907, SL: 2896, TP: 2940-2950;
SELL: 2953-2956, SL: 2965, TP: 2930-2920;
The short-term four-hour chart formed three bullish sprints on Monday. The price continued to run along the upper track of the Bollinger Band. The MA10/7-day moving average continued to open upward and continued to maintain a bullish structure. The price continued to run in the trend, and the callback followed the trend and participated in low-long!
Since the opening of the Asian session gold price, gold has almost been in this continuous upward trend pattern during the day, without too much retracement, and every retracement is an opportunity to go long! We can't wait for a larger retracement. Gold is strong and the trend is difficult to change. Continue to be bullish!
Gold prices fell today and continued to go long near 2900! Seeing yesterday's market, I feel helpless, because the market has formed inertia and is becoming more and more irrational. Everyone is rushing into the market to buy gold, pushing up the price of gold. Is this really a correct trading behavior?
I dare not say anything else. From my own point of view, the risk of the gold market has become greater and greater, and the fear conveyed by the market has become stronger and stronger. In addition, gold has risen directly without a correction, and the highest rise has fallen to 2930! In addition, the inflow of funds and the recovery of positions in gold ETFs indicate the structural growth of investment demand.
It directly ignited market sentiment. From the hourly chart, it still maintains a good upward trend, with the previous high and low rising together, and bulls are still the main tone. Therefore, it is prudent to wait patiently for the price to fall back to the low level and play with the trend.
Key points:
First support: 2919, second support: 2907, third support: 2898
First resistance: 2938, second resistance: 2956, third resistance: 2973
Operation ideas:
BUY: 2905-2907, SL: 2896, TP: 2940-2950;
SELL: 2953-2956, SL: 2965, TP: 2930-2920;
Trade active
The risk aversion sentiment has subsided slightly. After I sent out the signal, the lowest price fell to 2915. Wait for the market to fluctuate sideways. Then buy near the lower support level of 2911. Wait for my update Note
XAUUSD
BUY: 2914near
SL:2905
tp:2928-2935
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Trade closed manually
The buy signal just sent has run 50pips. Congratulations to those who followed. For more signals and analysis, please check my profile
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🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
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.