Gold price is above 3130, long at low price
As shown in the figure
12345 form channel changes respectively, and the trend accelerates upward
Principle:
Trends are abstract
So we draw specific channel lines to intuitively feel the trend
You can see that the channel angle reflected by 1-5 is constantly expanding.
The reflected gold price trend: emotions are getting stronger and stronger
The gold price trend is about to get out of control
Let's now focus on analyzing the two triangle oscillation convergence patterns AB
Principle:
The end of the triangle convergence oscillation is the time to choose a new direction
Now, it has entered the end of the oscillation
So we can draw a conclusion
Gold prices may soar or plummet at any time
Then the existing strategy is to follow the trend
The simplest and most effective strategy is to use 3130 as support
Retreat to low prices and go long
Stop loss near 3130 (determine the stop loss based on your order ratio and the price effectively captured)
Once the gold price explodes in the future, breaking through 3200 is also a high probability event
As shown in the figure
12345 form channel changes respectively, and the trend accelerates upward
Principle:
Trends are abstract
So we draw specific channel lines to intuitively feel the trend
You can see that the channel angle reflected by 1-5 is constantly expanding.
The reflected gold price trend: emotions are getting stronger and stronger
The gold price trend is about to get out of control
Let's now focus on analyzing the two triangle oscillation convergence patterns AB
Principle:
The end of the triangle convergence oscillation is the time to choose a new direction
Now, it has entered the end of the oscillation
So we can draw a conclusion
Gold prices may soar or plummet at any time
Then the existing strategy is to follow the trend
The simplest and most effective strategy is to use 3130 as support
Retreat to low prices and go long
Stop loss near 3130 (determine the stop loss based on your order ratio and the price effectively captured)
Once the gold price explodes in the future, breaking through 3200 is also a high probability event
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.