Gold prices still have room to rise on Monday
As shown in the figure:
Four-hour cycle
The 1234 rays diverging from point A represent the changes in the angle and intensity of the trend in development
The process from 1 to 4 shows that the risk aversion of gold prices is getting heavier, and the trend of forced short selling is becoming more and more obvious
I have analyzed that buying at a low price above 3060 in the next week is still effective
A V-shaped reversal breakthrough is formed here, which is a strong rise.
Then we can use the 1234 channel to sort out and predict the next few pressure areas
Expected future rise
3170 (the limit increase that can be calculated from the trend)
3125 (normal increase in the trend)
3105 (trend stage increase)
3085 (trend current price)
3060 (starting price after trend breakthrough)
3010 (current trend starting point)
So we can clearly conclude: follow the trend
Of course, we must also be wary of the big waterfall market caused by selling pressure and panic running that may come at any time
So the most stable strategy is a simple sentence: as long as the gold price is above 3060, find a suitable low price to go long.
In the next week, the market's expectations for gold prices will continue to rise.
Therefore, following the trend is the safest way to trade.
If it falls below 3060, the gold price will most likely enter a long-term wide range of fluctuations.
Then, there may be a difficult situation for both long and short sides.
As far as the current situation is concerned, as long as it is above 3060, our operation is relatively simple.
Operation strategy: Go long at a low price, stop loss at 3060, or fully test the support near 3060, and consider going long with a light position.
If you still have questions, you can leave me a message for discussion. I am very happy to discuss with you
As shown in the figure:
Four-hour cycle
The 1234 rays diverging from point A represent the changes in the angle and intensity of the trend in development
The process from 1 to 4 shows that the risk aversion of gold prices is getting heavier, and the trend of forced short selling is becoming more and more obvious
I have analyzed that buying at a low price above 3060 in the next week is still effective
A V-shaped reversal breakthrough is formed here, which is a strong rise.
Then we can use the 1234 channel to sort out and predict the next few pressure areas
Expected future rise
3170 (the limit increase that can be calculated from the trend)
3125 (normal increase in the trend)
3105 (trend stage increase)
3085 (trend current price)
3060 (starting price after trend breakthrough)
3010 (current trend starting point)
So we can clearly conclude: follow the trend
Of course, we must also be wary of the big waterfall market caused by selling pressure and panic running that may come at any time
So the most stable strategy is a simple sentence: as long as the gold price is above 3060, find a suitable low price to go long.
In the next week, the market's expectations for gold prices will continue to rise.
Therefore, following the trend is the safest way to trade.
If it falls below 3060, the gold price will most likely enter a long-term wide range of fluctuations.
Then, there may be a difficult situation for both long and short sides.
As far as the current situation is concerned, as long as it is above 3060, our operation is relatively simple.
Operation strategy: Go long at a low price, stop loss at 3060, or fully test the support near 3060, and consider going long with a light position.
If you still have questions, you can leave me a message for discussion. I am very happy to discuss with you
Telegram: t.me/+IVt6eHrHm84wYWE5
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.
Telegram: t.me/+IVt6eHrHm84wYWE5
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.