Gold prices are expected to break upward
As shown in Figure 4h:
The rising channel, sideways channel and falling channel of gold prices form a triangular oscillation pattern
At present, the average price of triangular oscillation converges around 3320
I think the gold price is likely to break upward and return to the high of 3400+ again, and form an M top with the previous high near 3500, forming a double top structure.
Focus on the suppression near 3330-3340.
Once an effective breakthrough is formed, continue to follow up and do more.
In fact, we have arranged to do more in the 3310-3320 range and have been holding it, with a stop loss set at 3288-3295.
Today is April 30th, and the Asian market is about to enter the closed stage.
We need to pay attention to the chain changes brought by the Asian market.
Due to the May Day holiday, the Asian market is closed for 4 days, and the Asian market is currently the main purchasing power of gold prices. Will there be a superposition of risk aversion, or a direct squeeze?
This will inevitably bring some uncertainty.
Today's strategy:
Buy around 3300-3310
Stop loss: 3288-3295
Target: 3340-3360-3400
Hold firmly
As shown in Figure 4h:
The rising channel, sideways channel and falling channel of gold prices form a triangular oscillation pattern
At present, the average price of triangular oscillation converges around 3320
I think the gold price is likely to break upward and return to the high of 3400+ again, and form an M top with the previous high near 3500, forming a double top structure.
Focus on the suppression near 3330-3340.
Once an effective breakthrough is formed, continue to follow up and do more.
In fact, we have arranged to do more in the 3310-3320 range and have been holding it, with a stop loss set at 3288-3295.
Today is April 30th, and the Asian market is about to enter the closed stage.
We need to pay attention to the chain changes brought by the Asian market.
Due to the May Day holiday, the Asian market is closed for 4 days, and the Asian market is currently the main purchasing power of gold prices. Will there be a superposition of risk aversion, or a direct squeeze?
This will inevitably bring some uncertainty.
Today's strategy:
Buy around 3300-3310
Stop loss: 3288-3295
Target: 3340-3360-3400
Hold firmly
t.me/+dyD5wnqZSUFlZjQx
Enjoy trading Enjoy life The best trading team
Enjoy trading Enjoy life The best trading team
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.
t.me/+dyD5wnqZSUFlZjQx
Enjoy trading Enjoy life The best trading team
Enjoy trading Enjoy life The best trading team
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.