Gold range oscillates, operation suggestions
Updated
From the daily chart, the daily MA5-MA10 of gold is about to stick together to form a dead cross. In the 4-hour chart, the continuous negative pattern makes the price continue to run below the short-term moving average, and the short-term moving average continues to form downward resistance. Among them, the 10-day moving average and the 5-day moving average constitute double pressure. In addition, other periodic indicators turn to short positions, and the Bollinger Bands are also biased downward as a whole, which is conducive to the development of short positions. For intraday operations, it is recommended that gold continue to rely on the high point of 2750 to carry out high-altitude layout in the short term. The white market will first look at the test of 2718, and the late market will directly look at the break and extension of 2710. Pay attention to the pressure of the 2748-2750 area during the day. When the gold price approaches or touches it, decisively carry out short-term layout, and the target is a new low.
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Hope it helps youNote
Hope it helps youNote
It is expected that the rebound of gold will be in the 2678-2685 area. If it touches this area, continue to short gold. Yesterday we shorted gold and successfully made a profit of 500 points. If you want to get more trading strategies, you can click on my linkNote
The Fed rate cut news is coming in three hours, so trade with cautionNote
Many people have made money in the market and their lives are getting better and better, but many people have lost everything. If I say that our weekly profits are stable at more than 150%, you may think I am a liar, but I advise you to click on the link to see our trading results. I believe the results are the best proof, and I am also willing to help you because kindness is a good character.Note
Gold fell by nearly $100 yesterday, but quickly rebounded by about $60 today. The market is very unstable and trading needs to be cautious. If your account is stuck, please contact me as soon as possible and I will help you solve your difficulties.
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