Gold Top Trading Signals
Gold fell the day before and seemed to have fallen below the bottom of the range at 2890, but it quickly recovered the losses yesterday and rebounded quickly, with European and American markets continuing to strengthen. This means that the market is still hidden with bulls, don't be covered by appearances.
The bottom faces dense support at 2880-2870-2860. If it really goes down, then the previous low of 2832 will also be difficult to hold, and the market will really turn bearish.
The current gold oscillation time is too long. Generally speaking, in the trend market, the oscillation sideways time is 3-4 days, and then there will be a clear direction. The longer the oscillation time, the less clear the direction; as the accumulated energy becomes stronger, once a break is formed later, the greater the force of the market explosion will be.
At present, gold is still in a rhythm of more fluctuations. It is easy to rise but difficult to fall. Even if there is a decline, it will be quickly covered by the rebound.
Therefore, for gold today, we can first look at the continuation of the rebound. The focus of the day is on the support of 2910-2906. The watershed is at 2900. The upper pressure is at the top of the range at 2930. If it breaks, look at the high point of 2945-2956.
If there is no increase during the day, the European session suppresses the sideways decline, then look at the decline in the evening, and it will still fluctuate in the range.
In terms of trading, yesterday's intraday 2901 long order stopped at 2910. In the evening, the strategy was adjusted according to the intraday trend. The callback was directly long at 2908, and the profit was successfully stopped at 2920. The reverse hand was taken at 2919 and the short was stopped at 2914; a total of three orders were operated to earn 8 US dollars. All our transactions are based on evidence. We do not make orders randomly or frequently. Right is right and wrong is wrong. We treat every friend seriously. Trust comes from strength. Trading focuses on profit. There is no shortage of opportunities in the market. It is never too late to start over.
The bottom faces dense support at 2880-2870-2860. If it really goes down, then the previous low of 2832 will also be difficult to hold, and the market will really turn bearish.
The current gold oscillation time is too long. Generally speaking, in the trend market, the oscillation sideways time is 3-4 days, and then there will be a clear direction. The longer the oscillation time, the less clear the direction; as the accumulated energy becomes stronger, once a break is formed later, the greater the force of the market explosion will be.
At present, gold is still in a rhythm of more fluctuations. It is easy to rise but difficult to fall. Even if there is a decline, it will be quickly covered by the rebound.
Therefore, for gold today, we can first look at the continuation of the rebound. The focus of the day is on the support of 2910-2906. The watershed is at 2900. The upper pressure is at the top of the range at 2930. If it breaks, look at the high point of 2945-2956.
If there is no increase during the day, the European session suppresses the sideways decline, then look at the decline in the evening, and it will still fluctuate in the range.
In terms of trading, yesterday's intraday 2901 long order stopped at 2910. In the evening, the strategy was adjusted according to the intraday trend. The callback was directly long at 2908, and the profit was successfully stopped at 2920. The reverse hand was taken at 2919 and the short was stopped at 2914; a total of three orders were operated to earn 8 US dollars. All our transactions are based on evidence. We do not make orders randomly or frequently. Right is right and wrong is wrong. We treat every friend seriously. Trust comes from strength. Trading focuses on profit. There is no shortage of opportunities in the market. It is never too late to start over.
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Gold 2948 short, stop loss 2958, target 2910, click the link to get accurate trading signals. Wish you a happy trading
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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.