The recent market has been up and down, and the long and short positions have been frequently switched. Many investment friends are caught off guard or don’t know where to start. As soon as they buy, the price drops, and when they exit, the price rises. In fact, this is the situation that many novice friends will encounter. Here I tell you that when trading, first of all, do not trade frequently. Secondly, you need to have a precise control of the market and stick to your own trading system.
Analysis of gold trend:
Today, the strength of gold is very weak. It is just a wave of highs. It quickly fell below the 3400 mark. Keeping above the key point of 3400, gold continues to be bullish. Now after falling below 3400, the short-term has gone out of the small-level top, and the market is no longer so strong. For our short-term operations, the short-term correction of gold prices focuses on the daily cycle MA5 support and the weekly MA5 support to go long. Pay attention to the 3403-3408 resistance card short on the rebound. You can follow the short, but it can only be short-term! Although gold has fallen below 3400, the short-term direction has changed, but the general direction has not changed. It is still bullish. In the future, we still have the opportunity to look at the high point of 3500, but we have to wait for the bottom to stabilize. Now we can only follow the trend. We will do what the market does. We will go short in the rebound in the next two days!
From a technical perspective, the current 4-hour MACD high dead cross with large volume, and the smart indicator STO is running oversold, which represents the 4-hour oscillation trend. The current 4-hour Bollinger Band three-track narrowing also represents the range compression. The current 4-hour upper pressure is located at the adhesion point of the middle track and the moving average MA10 at 3404-3409, and the corresponding support is the 3380-3363 line near the moving average MA30 and MA10. From the current 4-hour perspective, if the price is to fall directly, the rebound will not exceed the 3420-3422.5 line. The current 1-hour MACD dead cross of gold is shrinking and sticking, and the smart indicator STO is running downward, indicating that the hourly line continues to oscillate weakly. What we need to pay attention to now is the adhesion and suppression of the upper moving average MA60 and MA30 corresponding to the 3412 line. Pay attention to the resistance of 3403 in the short term. Today's short-term operation of gold recommends rebound shorting as the main, and callback long as the auxiliary, and pay attention to the support of 3380-3370 in the short term.
Gold operation strategy: It is recommended to go short near 3410-12, stop loss at 3420, target at 3390-3380, break at 3370;
Analysis of gold trend:
Today, the strength of gold is very weak. It is just a wave of highs. It quickly fell below the 3400 mark. Keeping above the key point of 3400, gold continues to be bullish. Now after falling below 3400, the short-term has gone out of the small-level top, and the market is no longer so strong. For our short-term operations, the short-term correction of gold prices focuses on the daily cycle MA5 support and the weekly MA5 support to go long. Pay attention to the 3403-3408 resistance card short on the rebound. You can follow the short, but it can only be short-term! Although gold has fallen below 3400, the short-term direction has changed, but the general direction has not changed. It is still bullish. In the future, we still have the opportunity to look at the high point of 3500, but we have to wait for the bottom to stabilize. Now we can only follow the trend. We will do what the market does. We will go short in the rebound in the next two days!
From a technical perspective, the current 4-hour MACD high dead cross with large volume, and the smart indicator STO is running oversold, which represents the 4-hour oscillation trend. The current 4-hour Bollinger Band three-track narrowing also represents the range compression. The current 4-hour upper pressure is located at the adhesion point of the middle track and the moving average MA10 at 3404-3409, and the corresponding support is the 3380-3363 line near the moving average MA30 and MA10. From the current 4-hour perspective, if the price is to fall directly, the rebound will not exceed the 3420-3422.5 line. The current 1-hour MACD dead cross of gold is shrinking and sticking, and the smart indicator STO is running downward, indicating that the hourly line continues to oscillate weakly. What we need to pay attention to now is the adhesion and suppression of the upper moving average MA60 and MA30 corresponding to the 3412 line. Pay attention to the resistance of 3403 in the short term. Today's short-term operation of gold recommends rebound shorting as the main, and callback long as the auxiliary, and pay attention to the support of 3380-3370 in the short term.
Gold operation strategy: It is recommended to go short near 3410-12, stop loss at 3420, target at 3390-3380, break at 3370;
t.me/+NagMsqtnzJQzZmQ0
Weekly profit 100%+.
Accurate trading strategy.
Stable profit every week.
Weekly profit 100%+.
Accurate trading strategy.
Stable profit every week.
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.
t.me/+NagMsqtnzJQzZmQ0
Weekly profit 100%+.
Accurate trading strategy.
Stable profit every week.
Weekly profit 100%+.
Accurate trading strategy.
Stable profit every week.
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.