Yesterday, the technical side of gold rose first and then fell. We directly arranged 3327 long orders to take profit and exit at 3340. After further accelerating to break through the 3345 mark, it fell under pressure and fell rapidly. We also successfully shorted at 3341, and the target successfully reached 3330-20. The European session continued to fall and broke through the 3300 mark and continued to fall to around 3280 to stabilize and rebound. We went long at 3280, and the target was 3300-3306. The daily K-line closed at a high and fell back to oscillate in the middle. The overall gold price was suppressed and oscillated at the 3345 mark in the short term. Yesterday's three orders also reached the take-profit target as expected.
From the 4-hour market analysis, today's upper short-term resistance is around 3315-3320. If the upper pressure 3315-3320 is not broken, shorting can also be done. Focus on yesterday's high pressure of 3345. The support level below is still 3280-3275. If it breaks down, pay attention to 3255-3250. Continue to rely on this range to maintain the main tone of high-altitude low-multiple cycles during the day. Observe more and move less in the middle position, be cautious in chasing orders, and wait patiently for key points to enter the market.
Operation suggestions:
1. Go long when gold falls back to 3285-3275, and look up to 3300 and 3315.
2. Go short when gold rebounds to 3340-3345, and look down to 3325 and 3315.
From the 4-hour market analysis, today's upper short-term resistance is around 3315-3320. If the upper pressure 3315-3320 is not broken, shorting can also be done. Focus on yesterday's high pressure of 3345. The support level below is still 3280-3275. If it breaks down, pay attention to 3255-3250. Continue to rely on this range to maintain the main tone of high-altitude low-multiple cycles during the day. Observe more and move less in the middle position, be cautious in chasing orders, and wait patiently for key points to enter the market.
Operation suggestions:
1. Go long when gold falls back to 3285-3275, and look up to 3300 and 3315.
2. Go short when gold rebounds to 3340-3345, and look down to 3325 and 3315.
Trade active
Gold has another wave of risk aversion, but the risk aversion sentiment did not allow gold to directly break through the previous high, which means that the confidence of gold bulls is not very sufficient, so gold can continue to short at a high level without breaking the previous high.The 1-hour moving average of gold has begun to flatten and turn, so gold may begin to fluctuate. In fact, after the last breakout of the box-shaped oscillation, gold rose, so it may begin to build a new box-shaped oscillation, and it is still at a high level of oscillation, so it can continue to short at a high level, and the one-hour gold has already formed a double-top structure. If it cannot break through, then gold is likely to fall under pressure from the double top.
Trade closed: target reached
Gold continued to rise during the day, exceeding our expectations. When we arranged a short position near 3331, we had no choice but to lose money when the sudden news pushed the price to rebound! After stopping the loss, I did not panic because of the failure of the short-term, but found that the bulls were still strong. I decisively seized the opportunity to go long near 3347, and it also rose to the target near 3360 as expected! It reduced a certain loss. In the ever-changing market, rigorous risk control awareness and flexible strategy adjustment capabilities enable us to seize opportunities in crises and survive in the market. I will continue to pay attention to market trends and look for opportunities to make up for losses. And we dare to present all our operations, which has surpassed most people.
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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.