Gold fell on Friday, falling to the lowest level of 2999 and then began to rebound strongly. Overall, if we say that gold has peaked now, it is too early, because there are still many uncertainties to stimulate the increase in risk aversion, so it is possible that gold will rise again. However, the impact of the news is only one aspect of our reference. However, the impact of news is only one aspect for our reference. After all, a lot of information cannot be known in time. We can only say that we should pay attention to the existence of this risk factor, so we still start from the technical level. There is still room for gold to rebound next week. We will first focus on the short-term suppression of 3025-30.
From the hourly analysis, pay attention to the support of 3005-3000 below. If it does not break after the retracement, continue to be bullish. Pay attention to the short-term suppression of 3025-3030 above, and focus on the suppression of 3045-57 above. The operation still maintains the same rhythm of the main multi-trend. If you don’t know when to enter the market, you can pay attention to me. I will release specific signals in real time and pay attention to it in time.
Gold operation strategy for next week: Gold will go long after stepping back from 3005-3000, and the target is 3025-3030.
From the hourly analysis, pay attention to the support of 3005-3000 below. If it does not break after the retracement, continue to be bullish. Pay attention to the short-term suppression of 3025-3030 above, and focus on the suppression of 3045-57 above. The operation still maintains the same rhythm of the main multi-trend. If you don’t know when to enter the market, you can pay attention to me. I will release specific signals in real time and pay attention to it in time.
Gold operation strategy for next week: Gold will go long after stepping back from 3005-3000, and the target is 3025-3030.
Trade active
Looking back at this week's trading, I made a good profit overall, but the only drawback is that the first three days of this week brought me a lot of psychological pressure due to the short position dilemma, so I spent almost 18 to 20 hours a day observing the market, hoping to get everyone out of trouble as soon as possible. So our profits this week were relatively reduced. In the end, the market did not disappoint me, hitting the intraday high I expected, firmly locking in considerable profits, and completing the feat of turning losses into profits! I also did not disappoint everyone. Thank you for your encouragement and trust in this process. Although we did not achieve the target expected income this week, we still achieved good results this week. Here we applaud ourselves. If you don't know when to enter the market, you can follow me. I will release specific signals in real time. Remember to pay attention in time.Trade closed: target reached
Trading is a process of trial and error! When mistakes keep happening, the main problems you face are shrinking funds and psychological suffering! A trader must reduce the probability of making mistakes, because your profit comes from the losses of others. In other words, when someone makes a mistake, there will be profits for people to earn in the market, but you cannot calculate or predict how many people will make mistakes next, how big a mistake they will make, and you cannot guarantee that you are on the right side every time. So, in trading, the only thing you can do is to make the mistake as short as possible when you make a mistake. The rest is to wait for others to make mistakes. Let's encourage each other!You can read bottom signals, interpret daily market conditions, and share real-time strategies. Don't blindly follow the trend.
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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.