Gold overnight short orders have been stopped at a loss, because it broke through the key pressure of 3325. However, we must grasp the trend of the market, adhere to the idea of technical analysis as the main and news as the auxiliary, and make a comprehensive judgment. Don't be at a loss about the market analysis because of the stop loss. There is nothing wrong with waiting for the market to step back and do more, but the market does not give opportunities, but forces you to chase the rise. Of course, from the perspective of risk ratio, high altitude is definitely more stable than chasing more.
From the current gold trend analysis, the focus on the upper side is the 3340-3350 line of pressure, the short-term support on the lower side is around 3310-3320, and the key support on the 3295-3301 line is focused. Relying on this range as a whole, the main tone of high-altitude and low-multiple participation remains unchanged. In the middle position, it is recommended to wait and see, chase orders cautiously, and wait patiently for key points to enter the market.
Operation strategy 1: Short gold near 3340-3350, target 3325-3315.
Operation strategy 2: Go long on gold around 3310-3320, target 3330-3340.
From the current gold trend analysis, the focus on the upper side is the 3340-3350 line of pressure, the short-term support on the lower side is around 3310-3320, and the key support on the 3295-3301 line is focused. Relying on this range as a whole, the main tone of high-altitude and low-multiple participation remains unchanged. In the middle position, it is recommended to wait and see, chase orders cautiously, and wait patiently for key points to enter the market.
Operation strategy 1: Short gold near 3340-3350, target 3325-3315.
Operation strategy 2: Go long on gold around 3310-3320, target 3330-3340.
Trade active
Gold continued its unilateral upward trend today, approaching the important structural resistance of 3350 in the short term. This position belongs to the previous top-bottom conversion area, and is also the watershed of bullish momentum. Although the bulls are strong at present, the upper pressure is clear, and the risk of chasing more is increasing. On the contrary, the potential opportunity for short-term short-term intervention is emerging. If 3350 is under pressure and not broken, you can consider gradually laying out high altitudes, and focus on the 3325-3315 area below. The closer the market is to the turning point, the more calm judgment is needed. Rhythm is more important than direction, and the real trading opportunities are often hidden in the calm layout before the turning point.Trade closed: target reached
At present, the key suppression level of gold is still focused on the 3350 line. If the subsequent price cannot effectively stabilize above 3350, there is still a risk of a decline on the technical side. In the short term, it is expected to retest 3325-3320 again, and even the 3300 support area is not ruled out. It is recommended to refer to the hourly chart or the 4-hour K-line closing situation. If it closes below 3350 continuously, you can try shorting with a light position and strictly set a stop loss. On the contrary, if it stabilizes above 3350, you need to be vigilant about the continuation of the bull market. Gold may further test the 3370-3375 area, and then adjust your thinking.
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://Grouphttps://t.me/TP_Daniel1
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I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://Grouphttps://t.me/TP_Daniel1
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.