Analysis of gold market trend:
Since January 6, gold shorts have only been short-lived, and have been rising on the 10-day line. Therefore, the 10-day line and the continuity of shorts are the key to long and short. Breaking below the 10-day line or the daily line is a signal of turning short. Before that, the bulls still dominate the market. Based on this, the operation next week will be mainly shorting, supplemented by longs. Specifically, shorting is given priority after setting a new high; before the 10-day line is broken, a small amount of longs can be made when it falls back; once the 10-day line is broken, shorting will follow the trend and the bearish market will start. The short-term focus on the upper side is 2950, 2955, and 2965 resistance, and the short-term focus on the lower side is 2915, 2903 trend support. Once it breaks down, it will test the lows of 2875-2880 in the past two weeks, and the possibility of breaking is relatively high.
Comprehensive analysis shows that there are more positive factors than negative factors in the current market, which is the fundamental reason why gold continues to set new highs. On Friday, gold tested the 10-day line and then bottomed out and rebounded. The intraday long and short positions were repeated, and the daily line closed with a cross star. Combined with the weekly big positive line, gold may still rise next week. However, the daily line has three consecutive cross stars, and the long-short game is white-hot, and each new high is followed by a decline. After the nine consecutive positive weekly lines, although the bulls are strong, more attention should be paid to the risk of adjusting the decline. As prices rise, volatility increases, and the adjustment range at the daily or weekly level will be considerable. The long-short game is becoming increasingly fierce, and the gold market may fluctuate sharply next week.
It should be noted that the shorts often come swiftly and suddenly. Now the entire network is almost unanimously bullish on gold breaking through $3,000, and various media have cheered. At this time, risk control is particularly important to avoid the long gains accumulated for months of hard work, which are quickly spit out due to the short-short raid.
A qualified trader should remember: when the opportunity comes, be prepared in advance, control the position and stop loss, and do not resist the single operation. The real-time trading plan is based on my future plan circle.
XAUUSD GOLD XAUUSD XAUUSD XAUUSD XAUUSD GOLD XAUUSD
Since January 6, gold shorts have only been short-lived, and have been rising on the 10-day line. Therefore, the 10-day line and the continuity of shorts are the key to long and short. Breaking below the 10-day line or the daily line is a signal of turning short. Before that, the bulls still dominate the market. Based on this, the operation next week will be mainly shorting, supplemented by longs. Specifically, shorting is given priority after setting a new high; before the 10-day line is broken, a small amount of longs can be made when it falls back; once the 10-day line is broken, shorting will follow the trend and the bearish market will start. The short-term focus on the upper side is 2950, 2955, and 2965 resistance, and the short-term focus on the lower side is 2915, 2903 trend support. Once it breaks down, it will test the lows of 2875-2880 in the past two weeks, and the possibility of breaking is relatively high.
Comprehensive analysis shows that there are more positive factors than negative factors in the current market, which is the fundamental reason why gold continues to set new highs. On Friday, gold tested the 10-day line and then bottomed out and rebounded. The intraday long and short positions were repeated, and the daily line closed with a cross star. Combined with the weekly big positive line, gold may still rise next week. However, the daily line has three consecutive cross stars, and the long-short game is white-hot, and each new high is followed by a decline. After the nine consecutive positive weekly lines, although the bulls are strong, more attention should be paid to the risk of adjusting the decline. As prices rise, volatility increases, and the adjustment range at the daily or weekly level will be considerable. The long-short game is becoming increasingly fierce, and the gold market may fluctuate sharply next week.
It should be noted that the shorts often come swiftly and suddenly. Now the entire network is almost unanimously bullish on gold breaking through $3,000, and various media have cheered. At this time, risk control is particularly important to avoid the long gains accumulated for months of hard work, which are quickly spit out due to the short-short raid.
A qualified trader should remember: when the opportunity comes, be prepared in advance, control the position and stop loss, and do not resist the single operation. The real-time trading plan is based on my future plan circle.
XAUUSD GOLD XAUUSD XAUUSD XAUUSD XAUUSD GOLD XAUUSD 
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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.
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.