Gold rebounded strongly, short-term bearish, long-term bullish
Updated
Gold bottomed out and rebounded yesterday, and rose sharply in the late trading, approaching the resistance of 2578! The daily MA5 moving average moved down to 2583, the four-hour MA10 moving average was 2570, and the lower track of the Bollinger band was 2588. The top and bottom conversion position of the previous low was 2590, and the hourly RSI indicator returned to the central axis. The upper track of the Bollinger band closed at 2580 and the lower track was 2545. The intraday trading range oscillation idea layout, short-term participation in short-selling, long-term bullish.
The gold 1-hour moving average continued to cross the short arrangement, and the gold moving average resistance now moved down to around 2580. Gold began to fall under pressure at 2578 in the US market yesterday. Today, the Asian market rebounded to around 2580 and can enter the market.
First support: 2556, second support: 2545, third support: 2530
First resistance: 2580, second resistance: 2590, third resistance: 2605
Trading strategy:
You can sell high and buy low near the first resistance 2556 and the first support 2580. If the NY session fluctuates greatly, pay attention to the second resistance and support
The gold 1-hour moving average continued to cross the short arrangement, and the gold moving average resistance now moved down to around 2580. Gold began to fall under pressure at 2578 in the US market yesterday. Today, the Asian market rebounded to around 2580 and can enter the market.
First support: 2556, second support: 2545, third support: 2530
First resistance: 2580, second resistance: 2590, third resistance: 2605
Trading strategy:
You can sell high and buy low near the first resistance 2556 and the first support 2580. If the NY session fluctuates greatly, pay attention to the second resistance and support
Trade active
Reached the resistance near 2556 and successfully boughtTrade closed manually
The market runs on our charts, but how much profit you make is up to you. Please set BE to close part of the profit Note
The long signal has made a profit of 100pips. Waiting for the position to sellNote
The long signal has made a profit of 100pips. Waiting for the position to sell💰 Note
Gold rebounded slightly strongly in the US market yesterday. So is it a rebound or a reversal?
Gold still surged higher in the U.S. market yesterday but fell back. Maybe the market is not very sustainable and gold just rebounded and did not reverse.
The 1-hour moving average of gold continues to be short, and the 1-hour gold is still in a downward trend. The resistance of the gold moving average has now moved down to around 2575. Gold rebounded to 2575 in the European market and continued to be high. Gold rebounded to around 2575 and can enter the market.
Trading strategy:
SELL:2575-2577
Note
News release, SELL2575~2575 profit 150pips. Check out my profile for more free sharing and profits.
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