Gold breaks new high again, the market waits for a pullback to g
Fundamentals: Gold hits a new record high today, and the market continues to hold a bullish view after the decline.
Gold is currently maintaining a relatively strong oscillating trend in the large-scale cycle trend, and the upward space in the large-scale cycle trend is likely to have not yet been completed. The daily level trend continues to maintain a relatively strong oscillating trend along the short-term moving average. The wave of decline before and after the European session has completed the repair of the technical form to a certain extent. The oscillating repair temporarily maintained at a high level in the hourly level trend currently has no particularly obvious trend. The range in the short-term trend may be compressed to the oscillating repair trend between 3060-85. Although there are some rebounds in the small-scale cycle trend, the strength and continuity are not too large. Pay attention to the short-term adjustment and repair.
Operation suggestions:
Short near 3080-7, stop loss 3085.2,
Long near 3059-60, stop loss 3053.1.
Real-time market intraday guidance.
Gold is currently maintaining a relatively strong oscillating trend in the large-scale cycle trend, and the upward space in the large-scale cycle trend is likely to have not yet been completed. The daily level trend continues to maintain a relatively strong oscillating trend along the short-term moving average. The wave of decline before and after the European session has completed the repair of the technical form to a certain extent. The oscillating repair temporarily maintained at a high level in the hourly level trend currently has no particularly obvious trend. The range in the short-term trend may be compressed to the oscillating repair trend between 3060-85. Although there are some rebounds in the small-scale cycle trend, the strength and continuity are not too large. Pay attention to the short-term adjustment and repair.
Operation suggestions:
Short near 3080-7, stop loss 3085.2,
Long near 3059-60, stop loss 3053.1.
Real-time market intraday guidance.
Trade active
Gold is currently hovering around 3076, with short-term high fluctuations and 3086 highs suppressed. It may continue to fall back in the evening.
Trade closed: target reached
The strong breakthrough in the futures market provides a clear reference for the bullish strategy of gold futures contracts. It isket sentiment to capture windows for trend continuation or correction.
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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.