Gold is expected to peak faster on Friday
Gold continued to rise sharply, breaking through the 3000 support, and then the bulls directly rose, forcing the bears to rush to 3080-90. Yesterday, the European session pulled up and broke through the high point, and the US market bottomed out and rebounded and continued to break through the high point, showing that it is still strong.
So will there be a short squeeze after 3080 points? Will there be a turning point?
At present, it is a typical short squeeze trend.
Of course, don’t think that it has reached the top after rising for two days. When it retreats, it is a big waterfall. It’s not that you can’t see it, but you have to be careful every time.
Then with the accelerated rise, the space behind becomes smaller, and the bulls continue to be bullish, but pay attention to prevent waterfall risks
According to the hourly chart below the big positive line:
The current support level is 3060-3065.
The watershed is 3054.
Above 3060, all operations are bullish
In addition, the market that breaks high and accelerates will generally last for 2-3 days. Today is Friday. It should be understood that even if the market does not fall on Friday, it is equivalent to rising, so the probability of oscillating upward next Monday is very high.
Therefore, next, pay attention to the support near 3060.
Go long when the callback is above 3060
Gold continued to rise sharply, breaking through the 3000 support, and then the bulls directly rose, forcing the bears to rush to 3080-90. Yesterday, the European session pulled up and broke through the high point, and the US market bottomed out and rebounded and continued to break through the high point, showing that it is still strong.
So will there be a short squeeze after 3080 points? Will there be a turning point?
At present, it is a typical short squeeze trend.
Of course, don’t think that it has reached the top after rising for two days. When it retreats, it is a big waterfall. It’s not that you can’t see it, but you have to be careful every time.
Then with the accelerated rise, the space behind becomes smaller, and the bulls continue to be bullish, but pay attention to prevent waterfall risks
According to the hourly chart below the big positive line:
The current support level is 3060-3065.
The watershed is 3054.
Above 3060, all operations are bullish
In addition, the market that breaks high and accelerates will generally last for 2-3 days. Today is Friday. It should be understood that even if the market does not fall on Friday, it is equivalent to rising, so the probability of oscillating upward next Monday is very high.
Therefore, next, pay attention to the support near 3060.
Go long when the callback is above 3060
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.