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Yesterday, the technical aspect of gold formed a high and pierced the 3430 mark, then fell under pressure and fluctuated downward. The US market repeatedly fluctuated and suppressed the operation at the 3420 mark and further fell downward. The gold price accelerated downward to break through the 3400 mark and continued to fall back to around 3380 and then rebounded and closed in a volatile market. The daily K-line closed with a suppressed and adjusted mid-yin. After three consecutive trading days of rebound and upward breaking, the overall gold price finally ushered in a suppressed and adjusted closing in the negative. The daily level fell below the 5-day moving average support, but it was still above the 10-day moving average and the 20-day moving average to form a bullish strong oscillation pattern. The bullish upward pattern has not been destroyed. If your current trading is not ideal, I hope Yulia can make your investment smoother. Welcome to communicate!
From the analysis of the 4-hour line, today's support is at 3376-80. If the daily line stabilizes above this position, it is expected to rebound further. The upper short-term resistance is at 3397-3400. If this position is touched for the first time during the day, short selling can be seen once the shock falls. The overall bullish strong dividing line is at 3370. If the daily line stabilizes above this position, the rhythm of falling back to low and long remains unchanged. Short selling can only enter the market at key points, and fast in and out without fighting.
Gold operation strategy:
Gold falls back to 3370-75 line to buy, stop loss 3360, target 3397-3400 line, break and continue to hold;
Yesterday, the technical aspect of gold formed a high and pierced the 3430 mark, then fell under pressure and fluctuated downward. The US market repeatedly fluctuated and suppressed the operation at the 3420 mark and further fell downward. The gold price accelerated downward to break through the 3400 mark and continued to fall back to around 3380 and then rebounded and closed in a volatile market. The daily K-line closed with a suppressed and adjusted mid-yin. After three consecutive trading days of rebound and upward breaking, the overall gold price finally ushered in a suppressed and adjusted closing in the negative. The daily level fell below the 5-day moving average support, but it was still above the 10-day moving average and the 20-day moving average to form a bullish strong oscillation pattern. The bullish upward pattern has not been destroyed. If your current trading is not ideal, I hope Yulia can make your investment smoother. Welcome to communicate!
From the analysis of the 4-hour line, today's support is at 3376-80. If the daily line stabilizes above this position, it is expected to rebound further. The upper short-term resistance is at 3397-3400. If this position is touched for the first time during the day, short selling can be seen once the shock falls. The overall bullish strong dividing line is at 3370. If the daily line stabilizes above this position, the rhythm of falling back to low and long remains unchanged. Short selling can only enter the market at key points, and fast in and out without fighting.
Gold operation strategy:
Gold falls back to 3370-75 line to buy, stop loss 3360, target 3397-3400 line, break and continue to hold;
Trade active
I think now is a good time to add to your positionTrade closed: target reached
Gold has adjusted and started to rise
Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
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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.
Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
Related publications
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.