4.6 Analysis of current gold trend
Trend judgment:
K-line breaks the middle track of Bollinger Bands, short-term bearishness dominates; Bollinger Bands open downward, and the downward wave continues.
Key signals:
3000 mark: If it falls below, it will open up downward space (target 2980-2950); if it stabilizes, it may rebound technically (target 3030-3050).
3030-3050 area: If the K-line fluctuates in this area, it can be regarded as a second bottoming out; if it stands firmly at 3055, be alert to a rebound to 3070.
Strategy
1. Short order (preferred)
Entry: 3050-3055 light position to try short, if it rebounds to 3065-3068, increase the position (stop loss above 3072).
Target: 3030→3015→3000 (step reduction).
2. Long order (caution)
Entry: Long after the 3005-3010 area stabilizes (stop loss 2997).
Target: 3030→3045 (quick in and quick out).
3. Follow up after the break
Lower position breaks 3000: chase short (stop loss 3010), target 2980→2950.
Upper position breaks 3070: wait and see whether it will fall back to 3055 and stabilize, then consider short-term long (target 3080).
Risk warning
Sweep market continues: recent volatility is drastic, avoid chasing ups and downs, and wait for key positions to be confirmed.
Data and events: Pay attention to the Fed's policy expectations and geopolitical situation. If there is a sudden positive news, the rebound may accelerate.
Trend judgment:
K-line breaks the middle track of Bollinger Bands, short-term bearishness dominates; Bollinger Bands open downward, and the downward wave continues.
Key signals:
3000 mark: If it falls below, it will open up downward space (target 2980-2950); if it stabilizes, it may rebound technically (target 3030-3050).
3030-3050 area: If the K-line fluctuates in this area, it can be regarded as a second bottoming out; if it stands firmly at 3055, be alert to a rebound to 3070.
Strategy
1. Short order (preferred)
Entry: 3050-3055 light position to try short, if it rebounds to 3065-3068, increase the position (stop loss above 3072).
Target: 3030→3015→3000 (step reduction).
2. Long order (caution)
Entry: Long after the 3005-3010 area stabilizes (stop loss 2997).
Target: 3030→3045 (quick in and quick out).
3. Follow up after the break
Lower position breaks 3000: chase short (stop loss 3010), target 2980→2950.
Upper position breaks 3070: wait and see whether it will fall back to 3055 and stabilize, then consider short-term long (target 3080).
Risk warning
Sweep market continues: recent volatility is drastic, avoid chasing ups and downs, and wait for key positions to be confirmed.
Data and events: Pay attention to the Fed's policy expectations and geopolitical situation. If there is a sudden positive news, the rebound may accelerate.
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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.
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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.