Falling into range oscillation, just get the rhythm pointAnalysis of gold market trend
On Thursday, the gold price remained in the 4H channel, and the middle and lower tracks were in the range of 3370-3260, with overall resistance to decline and correction; this trend is also normal;
1: In the early stage, the market fluctuated rapidly with a hundred points rise and fall, and the kinetic energy consumption was large, so the short-term trend returned to the consolidation trend later;
2: The fundamentals stopped, the technical demand was corrected, and the two resonated, and the gold price could only fluctuate and consolidate in the range; the analysis framework given yesterday was treated according to two intervals; they were 3370-3260 and 3370-3480; the strong and weak dividing point was 3370 above and below;
We can also see that at the position of 3370, the gold price has been under pressure for 2 consecutive times and fell for 2 consecutive times; it can be seen that the strong and weak dividing point of the position above and below 3370!
At present, the market:
1: Trend: There is no trend for the time being, and the range is high, the large range is 3480-3260; the bull trend is stagnant, and the bear trend stops falling. The trend cannot be judged for the time being;
2: Fundamentals, the future fundamentals will focus on the US debt crisis, trade war tariffs, and subsequent war issues, two core things; and uncertain fundamentals
Today's market:
1: 4 hours, the stochastic indicator golden cross, the main long signal; in terms of form, slow bull rise; the current pressure position of the central axis is near 3370, and the probability of breaking upward is relatively high; therefore, the 4-hour can be treated as a shock rise; but the overall situation remains in the large range of 3480-3260!
2: In the daily K-line, the stochastic indicator diverges periodically, and the death cross is downward, which is a bearish signal; however, the high-level sell-off forms a sideways resistance to the decline, and the sideways support is in the range of 3280-3260; the MACD double-line golden cross is glued, and there is no death cross; the indicators in the daily K-line are contradictory, so the long and short trends are difficult to continue, and more range oscillations and high-level consolidation signals are given;
To sum up: Today's short message is still processed according to the 4-hour range; 3370-3260 range and 3370-3480 range; if it stabilizes at 3370, the range processing will be changed; you can take a pullback to do more, and bet on the 4-hour range oscillation upward, and gradually break through the position of 3370;
