Technical analysis:
From the daily chart, technical indicators show signs of upward exhaustion and lose strength at extreme levels. At the same time, gold prices are holding above all bullish moving averages, with the 20-day simple moving average (SMA) providing dynamic pressure near 2941.70. From the 4-hour chart, the 100-period SMA and 200-period SMA continue to move higher, well below the above short-term moving averages. At the same time, the momentum indicator moves lower in the positive area but loses downward strength; while the relative strength index (RSI) corrects the overbought condition and then stabilizes near 61. Overall, Zhang Jinglin recommends wide fluctuations in gold operations today!
Short-term operation strategy:
SELL: Short near 3045 above, stop loss 3051, target near 3015, 3000.
We update regularly throughout the day and tell you how we manage active ideas and settings. Thank you for your likes, comments and attention, we are very grateful!
From the daily chart, technical indicators show signs of upward exhaustion and lose strength at extreme levels. At the same time, gold prices are holding above all bullish moving averages, with the 20-day simple moving average (SMA) providing dynamic pressure near 2941.70. From the 4-hour chart, the 100-period SMA and 200-period SMA continue to move higher, well below the above short-term moving averages. At the same time, the momentum indicator moves lower in the positive area but loses downward strength; while the relative strength index (RSI) corrects the overbought condition and then stabilizes near 61. Overall, Zhang Jinglin recommends wide fluctuations in gold operations today!
Short-term operation strategy:
SELL: Short near 3045 above, stop loss 3051, target near 3015, 3000.
We update regularly throughout the day and tell you how we manage active ideas and settings. Thank you for your likes, comments and attention, we are very grateful!
Trade active
Insisting on profitability is the only criterion of strength. Never make ambiguous analysis. I have my own trading style. Followers have never failed in the past year. Others have been on the bus for a long time, but you are still hesitating whether to cross the red light. Hesitation will lead to failure. Follow my pace and reap wealth.
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.