Gold finally broke through the rhythm of continuous fluctuations in the morning and ushered in a relatively large correction.
After the cyclical retracement in the morning, a bottom-breaking market was formed. Generally, for a direct decline in the Asian session, we will put the watershed at the opening price, which is the current high point of 3290! But it is not very meaningful to look at this position now. According to the recent rhythm of Asian session decline, weak European session, and rebound in the US session. We can look at the second decline in the European session rebound.
But we should be more cautious in the US session. Especially in the second half of the US session,
Intraday short-term pressure: 3266-70 top and bottom conversion position below: hourly double bottom around 3211-3195 "Observe whether there is a key area for the signal of stopping the decline"
After the cyclical retracement in the morning, a bottom-breaking market was formed. Generally, for a direct decline in the Asian session, we will put the watershed at the opening price, which is the current high point of 3290! But it is not very meaningful to look at this position now. According to the recent rhythm of Asian session decline, weak European session, and rebound in the US session. We can look at the second decline in the European session rebound.
But we should be more cautious in the US session. Especially in the second half of the US session,
Intraday short-term pressure: 3266-70 top and bottom conversion position below: hourly double bottom around 3211-3195 "Observe whether there is a key area for the signal of stopping the decline"
Trade active
Your profit comes from other people's losses. That is to say, when someone makes a mistake, there will be profits in the market, but you can't calculate or predict how many people will make mistakes next, how big the mistakes will be, and you can't guarantee that you are on the right side every time. So, in trading, the only thing you can do is to make the mistakes as short as possible when you make them. Join my team and I will guide you on the correct trading strategy.
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.
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.