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Before the fishermen go out to sea, they don't know where the fish are? But they still choose to go because they believe they will return with a full load. When you invest, you don't know whether you can make a profit, but you still need to try, and from the moment you decide to do it, you must insist on believing to gain something. The same is true for gold investment. You may still be losing money at the moment, but as long as you find me, all losses will be solved!
Views on the trend of gold!
In terms of gold, unfortunately, the bulls don't seem to last long, and they are also a bit unstable! Emphasize the most critical point, the continuous rise of the sun, the first wave of V-shaped rebound last night, and then the high-level oscillation, and there was no continuation of the rise of the sun last night. The bulls did not take off in one wave, but were held down again. But in the same way, don't think that the bulls are held down, and the bears will come. We still have to distinguish according to the range and strength. In many cases, the market maintains a oscillating range.
So how do you look at it today? Is there still hope for the bulls? From the perspective of correction, every big drop has poor continuity, and they all bottom out and rebound, just like gold fell to 3310 last night and violently rose to 3344, so there is a high probability that there will be continuation after the retracement today. On the one hand, even if it rebounds, it is also volatile, and the rebound and second decline is the continuation of the market. Therefore, currently pay attention to two points, the upward pressure 3355, and the downward strength and weakness dividing point 3325!
Gold: You can short at the rebound of 3350-55, defend 10 US dollars, and the target is 3330-25! If it breaks 3325, it will look down to the double bottom support of 3310. On the contrary, if it does not break, it can be shorted and look up to 3345-50!
Before the fishermen go out to sea, they don't know where the fish are? But they still choose to go because they believe they will return with a full load. When you invest, you don't know whether you can make a profit, but you still need to try, and from the moment you decide to do it, you must insist on believing to gain something. The same is true for gold investment. You may still be losing money at the moment, but as long as you find me, all losses will be solved!
Views on the trend of gold!
In terms of gold, unfortunately, the bulls don't seem to last long, and they are also a bit unstable! Emphasize the most critical point, the continuous rise of the sun, the first wave of V-shaped rebound last night, and then the high-level oscillation, and there was no continuation of the rise of the sun last night. The bulls did not take off in one wave, but were held down again. But in the same way, don't think that the bulls are held down, and the bears will come. We still have to distinguish according to the range and strength. In many cases, the market maintains a oscillating range.
So how do you look at it today? Is there still hope for the bulls? From the perspective of correction, every big drop has poor continuity, and they all bottom out and rebound, just like gold fell to 3310 last night and violently rose to 3344, so there is a high probability that there will be continuation after the retracement today. On the one hand, even if it rebounds, it is also volatile, and the rebound and second decline is the continuation of the market. Therefore, currently pay attention to two points, the upward pressure 3355, and the downward strength and weakness dividing point 3325!
Gold: You can short at the rebound of 3350-55, defend 10 US dollars, and the target is 3330-25! If it breaks 3325, it will look down to the double bottom support of 3310. On the contrary, if it does not break, it can be shorted and look up to 3345-50!
Trade active
Now is a good opportunity to shortTrade closed: target reached
If it rises to around 3360, you can cancel the stop loss
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.
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.