Gold is running fast in small steps above 3100, and the strong bull market has been rising again and again, with no intention of stopping. Yesterday, it opened directly and broke the high. The European market was under pressure and corrected sideways at 3130, and the US market bottomed out and rebounded to close near the high point.
This kind of strong market closed strongly at a high level, especially the market that rose in the early morning. In any case, there must be more in the morning of the second day, and generally there will be continued rises. The same time cycle is true on Monday.
At present, gold bulls are rising strongly, and you can just go with the trend and be bullish. Don't guess the top easily. There may be a small correction in the process of rising, but it does not change the overall upward trend. It mostly appears in the form of bottoming out and rebounding, which is also a kind of correction.
The real big top needs a certain amount of time to brew, or there is an obvious top signal. If there is a large-scale high-rise fall and close with a large cross, you should pay attention; or if there is a large decline, it is not appropriate to continue to be bullish.
For now, gold can still continue to see more. After all, there is no previous high to refer to, so the risk area can only be judged by the increase.
For gold today, the price rose from 3120 to 3148 in the morning, an increase of nearly 30 US dollars. So the afternoon adjustment continues to be bullish, focusing on the 3133 first-line support, the watershed is at 3120, and the upper pressure is 3150-3160! If the European session fluctuates sideways without rising, beware of the bottoming out and rebounding at night, repeating yesterday's trend.
In terms of trading, a total of four orders were operated yesterday, and one order was loss-making:
1. The 3073 long market was not given a slight difference, so I directly aggressively long at 3081, and stopped profit at 3110 after reducing positions at 3100;
2. After the rise, there will be a correction in the afternoon, and the stop loss at 3120 is 3122;
3. The European session continued to be lightly short at 3124, and the target position of 3100 was reached after reducing positions at 3110;
4. There were many orders at 3100, and the stop profit was 3124 before the break.
This kind of strong market closed strongly at a high level, especially the market that rose in the early morning. In any case, there must be more in the morning of the second day, and generally there will be continued rises. The same time cycle is true on Monday.
At present, gold bulls are rising strongly, and you can just go with the trend and be bullish. Don't guess the top easily. There may be a small correction in the process of rising, but it does not change the overall upward trend. It mostly appears in the form of bottoming out and rebounding, which is also a kind of correction.
The real big top needs a certain amount of time to brew, or there is an obvious top signal. If there is a large-scale high-rise fall and close with a large cross, you should pay attention; or if there is a large decline, it is not appropriate to continue to be bullish.
For now, gold can still continue to see more. After all, there is no previous high to refer to, so the risk area can only be judged by the increase.
For gold today, the price rose from 3120 to 3148 in the morning, an increase of nearly 30 US dollars. So the afternoon adjustment continues to be bullish, focusing on the 3133 first-line support, the watershed is at 3120, and the upper pressure is 3150-3160! If the European session fluctuates sideways without rising, beware of the bottoming out and rebounding at night, repeating yesterday's trend.
In terms of trading, a total of four orders were operated yesterday, and one order was loss-making:
1. The 3073 long market was not given a slight difference, so I directly aggressively long at 3081, and stopped profit at 3110 after reducing positions at 3100;
2. After the rise, there will be a correction in the afternoon, and the stop loss at 3120 is 3122;
3. The European session continued to be lightly short at 3124, and the target position of 3100 was reached after reducing positions at 3110;
4. There were many orders at 3100, and the stop profit was 3124 before the break.
Trade active
Operation strategy 1: It is recommended to go short at 3134-3139 on the rebound, stop loss at 3144, and the target is 3115-3110.Operation strategy 2: It is recommended to go long at 3110-3105 on the pullback, stop loss at 3095, and the target is 3140-3160. If you are bruised and battered in the market, you can click on the link, I am determined to help you get back on your feet
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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.