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True trading masters can maintain inner peace in the hustle and bustle of the market and are not confused by short-term fluctuations. They know that the short-term trend of the market is full of randomness, like ripples on the water, seemingly complicated but difficult to predict. They are like gatekeepers of the mind, with strong determination to resist the emotional interference of the market, and no matter how big the market fluctuations are, they will not let them lose their footing. When others are scared and want to sell their stocks quickly, they can keep their composure; when others are stimulated by the daily limit and want to chase high, they can hold the bottom line.
The international gold price opened at $3,325/ounce and closed at $3,322/ounce on the last trading day. The real part of the daily K-line fell by only $3/ounce and finally closed at the cross line. Yesterday, the gold price fluctuated slightly and closed down, mainly because of the market's attention to the progress of Sino-US trade negotiations. The market generally believes that if the negotiations can ease trade tensions and boost the global economy, it will weaken the demand for safe-haven assets. At the same time, the strengthening of the US dollar also brings downward pressure on gold.
Weekly candlestick chart: running in the rising channel, long-term buy on dips
Daily candlestick chart: running in disordered oscillation structure, cautiously wait and see in the medium term
4-hour chart: running in an oscillating bullish trend, short-term buy on dips
30-minute chart: bottom structure established, short-term buy on dips above 3326
Intraday plan to continue to buy in the 3332 area, defend 3325, target 3350-60
True trading masters can maintain inner peace in the hustle and bustle of the market and are not confused by short-term fluctuations. They know that the short-term trend of the market is full of randomness, like ripples on the water, seemingly complicated but difficult to predict. They are like gatekeepers of the mind, with strong determination to resist the emotional interference of the market, and no matter how big the market fluctuations are, they will not let them lose their footing. When others are scared and want to sell their stocks quickly, they can keep their composure; when others are stimulated by the daily limit and want to chase high, they can hold the bottom line.
The international gold price opened at $3,325/ounce and closed at $3,322/ounce on the last trading day. The real part of the daily K-line fell by only $3/ounce and finally closed at the cross line. Yesterday, the gold price fluctuated slightly and closed down, mainly because of the market's attention to the progress of Sino-US trade negotiations. The market generally believes that if the negotiations can ease trade tensions and boost the global economy, it will weaken the demand for safe-haven assets. At the same time, the strengthening of the US dollar also brings downward pressure on gold.
Weekly candlestick chart: running in the rising channel, long-term buy on dips
Daily candlestick chart: running in disordered oscillation structure, cautiously wait and see in the medium term
4-hour chart: running in an oscillating bullish trend, short-term buy on dips
30-minute chart: bottom structure established, short-term buy on dips above 3326
Intraday plan to continue to buy in the 3332 area, defend 3325, target 3350-60
Trade active
Let's wait until the data comes in.Trade closed: target reached
Gold has started to rise and the signals we gave have already started to take profitsNote
TP
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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.
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.