Technical analysis of gold: Yesterday, gold maintained a volatile trend in the Asian and European sessions, and once rose during the session, reaching a high of 2337 before falling back; the first half of the US session was still in a small range, and in the second half, affected by the speech of the Federal Reserve Board member, it once fell and pierced the low point of Monday to 2315. It was almost sideways at the end of the session, with a small negative line on the daily line. Gold daily line has been alternating between negative and positive lines since June 12. Pay attention to whether it can be broken today. The Fed doves and hawks are fighting, the fundamentals are chaotic and complicated, the technical monthly line is blocked, the weekly line is bearish, and the daily line is stuck in the range, resulting in the current repeated tug-of-war; breaking this pattern is imperative.
There is not much market news today, and tomorrow will usher in US GDP data, personal spending data and pec price data. In 1 hour, the current decline has stopped, but it is still weak; 4 hours are currently supported in yesterday's low area and 2286 short-term trend support area, which is also the key point of intraday long and short today. At present, before the daily Yin-Yang exchange rule is broken, it will rebound above the support during the day. Breaking the key support will test 2306-2300 and the medium-term long-short key 2290-80 area. If it rebounds successfully, pay attention to the short-term resistance area of 2330. The key resistance is still the 2340-42 and 2350-55 areas emphasized yesterday.
Recently, we have been emphasizing that the difference between gold entering June and the past is that in the past, when there was bad news, the bulls gradually recovered and continued to reach new highs after the market fell sharply; but recently, after the good news drove the gold bulls to pull up, the bears were waiting for a big Yin line at any time, and the bulls were difficult to continue. This is a change in details. As for why this happened, we published several articles on the medium-term market analysis of gold in June, which can continue to refer to. Overall, we continue to maintain the view that gold is bearish since June; the bears are currently entering the tough battle stage, and whether they can break through the key position of 2280-90 will determine how far the bears can go. We look forward to the bears breaking down and the weekly decline. Well, in fact, our layout in the next step is very simple. Basically, we will go with the trend with short positions. Yesterday, the daily line closed at a low level. It is expected that the weakness will continue today and the possibility of a direct decline is relatively high. So we suggest opening short positions in batches during the Asian session. The gold price is recommended to be shorted in the 2325-2330 area, and the target is 2305-2295. On the whole, the short-term operation strategy for gold today is to focus on rebound shorting and callback long positions. The short-term focus on the upper side is 2325-2330 resistance, and the short-term focus on the lower side is 2295-2286 support.
There is not much market news today, and tomorrow will usher in US GDP data, personal spending data and pec price data. In 1 hour, the current decline has stopped, but it is still weak; 4 hours are currently supported in yesterday's low area and 2286 short-term trend support area, which is also the key point of intraday long and short today. At present, before the daily Yin-Yang exchange rule is broken, it will rebound above the support during the day. Breaking the key support will test 2306-2300 and the medium-term long-short key 2290-80 area. If it rebounds successfully, pay attention to the short-term resistance area of 2330. The key resistance is still the 2340-42 and 2350-55 areas emphasized yesterday.
Recently, we have been emphasizing that the difference between gold entering June and the past is that in the past, when there was bad news, the bulls gradually recovered and continued to reach new highs after the market fell sharply; but recently, after the good news drove the gold bulls to pull up, the bears were waiting for a big Yin line at any time, and the bulls were difficult to continue. This is a change in details. As for why this happened, we published several articles on the medium-term market analysis of gold in June, which can continue to refer to. Overall, we continue to maintain the view that gold is bearish since June; the bears are currently entering the tough battle stage, and whether they can break through the key position of 2280-90 will determine how far the bears can go. We look forward to the bears breaking down and the weekly decline. Well, in fact, our layout in the next step is very simple. Basically, we will go with the trend with short positions. Yesterday, the daily line closed at a low level. It is expected that the weakness will continue today and the possibility of a direct decline is relatively high. So we suggest opening short positions in batches during the Asian session. The gold price is recommended to be shorted in the 2325-2330 area, and the target is 2305-2295. On the whole, the short-term operation strategy for gold today is to focus on rebound shorting and callback long positions. The short-term focus on the upper side is 2325-2330 resistance, and the short-term focus on the lower side is 2295-2286 support.
Trade active
Today, gold is mainly shorted at high levels, supplemented by rebound longsTrade active
You can still short gold at present, TP2298Trade active
If you took my advice and sold gold, you can TP now. At present, gold still has room to fall.Trade active
If you took my advice and sold gold, you can TP now. At present, gold still has room to fall.Trade active
If you took my advice and sold gold, you can TP now. At present, gold still has room to fall.Trade active
We have predicted the trend of gold for two consecutive weeks. Now the volatility of gold is very small. I will continue to publish trading strategies on the channel tomorrow.Trade active
Gold is still fluctuating, I suggest that gold should still be shorted at high levelsTrade active
Today, gold still chooses to short at high levels, supplemented by long positions at pullbacks. You can short gold directly at 2330-2335Trade active
Shorting gold is still profitable, if you are trading it now, or are still losing money you can find trading strategies on my channel.Trade active
If gold falls below 2320, gold will continue to fallTrade active
Gold can still be shorted at present, don't try to buy goldTrade active
At present, gold is stable. Recently, gold is still fluctuating in a range. However, gold still needs to choose to short at a high level. The rise of gold is still not enough.Trade active
Gold can still be shorted at present, don't try to buy gold
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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.