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The market has always been a zero-sum game between longs and shorts. No matter how successful you are in other aspects, in the market, winning and losing are the only criteria. Recently, many traders have been asking what to do if gold and crude oil lose money? How to recover the losses? In fact, it is normal to have such concerns. After all, as long as it is an investment, there will be risks. And facing this risk of loss, most traders will be panicked, so here I am your beacon in the endless darkness!
The ultimate question of the conflict: Is war inevitable?
The key variable of the current situation lies in Iran’s way of retaliation: will it choose a small-scale attack on the US military base to shock the tiger, or will it go all out to block the Strait of Hormuz? The US military deployment also reveals subtle signals: the "Ford" aircraft carrier battle group has entered the Arabian Sea, and the B-52 bomber has entered the Al Udeid base in Qatar. This "force deterrence + limited strike" strategy seems to avoid a full-scale war with Iran while trying to curb its nuclear program.
However, history has repeatedly proved that the "powder keg" in the Middle East is never short of sparks - a gunshot in Sarajevo in 1914 triggered World War I, and a bottle of laundry detergent became an excuse for the Iraq War in 2003. Today, when news of US fighter jets bombing Iranian nuclear facilities comes out, and when Iran lists US citizens as targets, the direction of this conflict has gone beyond the "controllable range".
For ordinary investors, whether war breaks out or not, the value of gold as crisis insurance has been redefined, and every alarm in the Middle East may become a charge for gold prices to rebound.
Interpretation of gold trend in European session
Gold trend surged at the opening, but failed to break through the watershed line of 3405 expected at the weekend. At present, the support of risk aversion conflict failed to break through the key resistance level. The short-term trend is still the same as last week's analysis. It is still weak and bearish. The stimulus of news can only have a certain impact on short-term operations, and will not change the trend. At present, we have been insisting on seeing a break and fall last week, but it has not come yet. The first test position this week is still the small double bottom of 3340!
Gold continues to retreat on the hourly line. Under the current situation where the short-selling momentum continues to exert force, first see whether the double bottom support of 3340 is effective. If the early retreat is in place and fails to break through, it can be seen that the support is short-term rebound upward. The second decline point of 3372-75 is seen above. Unless the United States makes trouble again, it is still possible to arrange short orders!
Gold: Retracement to 3338-40, defense at 30, target at 3365-70! Short at 3372-75 when it pulls back, defend at 3380, target at 3345-40!
The market has always been a zero-sum game between longs and shorts. No matter how successful you are in other aspects, in the market, winning and losing are the only criteria. Recently, many traders have been asking what to do if gold and crude oil lose money? How to recover the losses? In fact, it is normal to have such concerns. After all, as long as it is an investment, there will be risks. And facing this risk of loss, most traders will be panicked, so here I am your beacon in the endless darkness!
The ultimate question of the conflict: Is war inevitable?
The key variable of the current situation lies in Iran’s way of retaliation: will it choose a small-scale attack on the US military base to shock the tiger, or will it go all out to block the Strait of Hormuz? The US military deployment also reveals subtle signals: the "Ford" aircraft carrier battle group has entered the Arabian Sea, and the B-52 bomber has entered the Al Udeid base in Qatar. This "force deterrence + limited strike" strategy seems to avoid a full-scale war with Iran while trying to curb its nuclear program.
However, history has repeatedly proved that the "powder keg" in the Middle East is never short of sparks - a gunshot in Sarajevo in 1914 triggered World War I, and a bottle of laundry detergent became an excuse for the Iraq War in 2003. Today, when news of US fighter jets bombing Iranian nuclear facilities comes out, and when Iran lists US citizens as targets, the direction of this conflict has gone beyond the "controllable range".
For ordinary investors, whether war breaks out or not, the value of gold as crisis insurance has been redefined, and every alarm in the Middle East may become a charge for gold prices to rebound.
Interpretation of gold trend in European session
Gold trend surged at the opening, but failed to break through the watershed line of 3405 expected at the weekend. At present, the support of risk aversion conflict failed to break through the key resistance level. The short-term trend is still the same as last week's analysis. It is still weak and bearish. The stimulus of news can only have a certain impact on short-term operations, and will not change the trend. At present, we have been insisting on seeing a break and fall last week, but it has not come yet. The first test position this week is still the small double bottom of 3340!
Gold continues to retreat on the hourly line. Under the current situation where the short-selling momentum continues to exert force, first see whether the double bottom support of 3340 is effective. If the early retreat is in place and fails to break through, it can be seen that the support is short-term rebound upward. The second decline point of 3372-75 is seen above. Unless the United States makes trouble again, it is still possible to arrange short orders!
Gold: Retracement to 3338-40, defense at 30, target at 3365-70! Short at 3372-75 when it pulls back, defend at 3380, target at 3345-40!
Trade active
Gold is rising stronglyTrade closed: target reached
TP
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.