Gold market analysis:
The market is always confusing, and investors are always guessing. This is the most mysterious and tempting part of the market. In fact, there are many trading opportunities for gold every day, but there are only a few that you can understand. So what you need is execution. When it comes to the opportunity that you can understand, you must be decisive. Yesterday, gold rose in the Asian session, and it fell sharply to around 3100 in the US session. This position is a strong support for the daily line. It finally rebounded and closed with a big tombstone on the daily line. At this time, some people began to speculate again, whether the big top has come, and whether gold has really fallen? We must see the facts clearly and follow them. Yesterday's gold daily tombstone is only a short-term top, and it is just that the short-term is not so strong. The buying pattern of the long-term trend is still intact. Today's thinking is bullish in the general trend, and both short-term long and short positions can be entered.
From the perspective of form, gold will undergo a range repair in the range of 3100-3148. There is no gold that keeps rising. If it keeps rising without stopping, it is impossible. Now gold has risen too much and is undergoing a technical repair. If it rebounds first, we will sell it at 3138 and 3148. If it falls first, pay attention to 3119 and 3100. There are opportunities for buying and selling. Grasp the rhythm.
Support 3119 and 3110, strong support 3100, pressure 3138 and 3148, the strength and weakness dividing line of the market 3120.
Fundamental analysis：
This week is a data week. Today, we will focus on the ADP employment data, which is the precursor to the non-agricultural data.
Operation suggestions:
Gold-----sell near 3138, target 3110-3100
The market is always confusing, and investors are always guessing. This is the most mysterious and tempting part of the market. In fact, there are many trading opportunities for gold every day, but there are only a few that you can understand. So what you need is execution. When it comes to the opportunity that you can understand, you must be decisive. Yesterday, gold rose in the Asian session, and it fell sharply to around 3100 in the US session. This position is a strong support for the daily line. It finally rebounded and closed with a big tombstone on the daily line. At this time, some people began to speculate again, whether the big top has come, and whether gold has really fallen? We must see the facts clearly and follow them. Yesterday's gold daily tombstone is only a short-term top, and it is just that the short-term is not so strong. The buying pattern of the long-term trend is still intact. Today's thinking is bullish in the general trend, and both short-term long and short positions can be entered.
From the perspective of form, gold will undergo a range repair in the range of 3100-3148. There is no gold that keeps rising. If it keeps rising without stopping, it is impossible. Now gold has risen too much and is undergoing a technical repair. If it rebounds first, we will sell it at 3138 and 3148. If it falls first, pay attention to 3119 and 3100. There are opportunities for buying and selling. Grasp the rhythm.
Support 3119 and 3110, strong support 3100, pressure 3138 and 3148, the strength and weakness dividing line of the market 3120.
Fundamental analysis：
This week is a data week. Today, we will focus on the ADP employment data, which is the precursor to the non-agricultural data.
Operation suggestions:
Gold-----sell near 3138, target 3110-3100
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.
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.