Gold Analysis
Technical analysis: gold price continues to rise, hitting a new high in 2012. From H1, gold price in the early trading range [1765 1775], from H4 and D1 point of view, gold price short-term correction probability is very high, gold price above the pressure level between 1775-1780, below the first support level between 1760-1765, the second support level 1750, today focus on whether the gold price falls below 1750, once the gold price correction today falls below 1750, the downward trend of gold price will be clear. Otherwise the gold price will continue to be high, trading suggestion:
1, gold price in 1775-1780, trading sell order, stop loss 5$
2, gold price falling below 1765, trading sell order, otherwise trading buy
3, gold price not falling below 1750, trading buy order, otherwise trading sell order
1, gold price in 1775-1780, trading sell order, stop loss 5$
2, gold price falling below 1765, trading sell order, otherwise trading buy
3, gold price not falling below 1750, trading buy order, otherwise trading sell order
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