Gold prices may continue to fall next Monday
As shown in Figure 4h:
On Friday, gold prices fluctuated downward and prices fell back. The overall trend continued to return to the 3400-3180 range of fluctuations.
I have emphasized this analysis to all fans. This is the trend of differentiation and divergence;
I have emphasized this analysis to all fans. This is the trend of differentiation and divergence;
Current overall market:
1: Gold prices pay attention to the 3300 support level. If it returns to fluctuations, the market will return to the range. From a technical perspective next week, it is expected to fluctuate downward;
2: Due to the large drop on Friday, the current central axis support level is around 3340, and it is necessary to pay attention to the short-term pressure performance of 3340;
3: The current trend tends to fluctuate in the range; the long and short trends are still unable to break through the balance range of 3500-2950; at the same time, the weekly K-line is still in the mode of exchanging time for space. The weekly K-line exchanges time for space, and there are great variables in the future!
If there is fundamental stimulus, even 3500 points cannot stop it; if there is no fundamental stimulus, the world will return to calm and the bull market will end;
But from the current global fundamentals, the chaotic situation of global fundamentals is temporarily difficult to end completely;
From the weekly K-line trend, there is a high probability that there will be more fundamental events in the future, stimulating the gold price to form a second test of 3500 points;
If the long-term bull market is to end, the global fundamentals must be reversed, otherwise it will be difficult to change the overall bull market pattern;
Summary: Next week we will first look at the rebound and callback near 3300 points, and look down after the rebound and callback, and look at the range of shocks and downs;
Operation strategy: Pay attention to the blue path in the figure
1: First test whether the 3300-3310 support level in the Asian session is stable?
2: If the gold price can rebound, pay attention to whether the pressure in the 3320-3340 range is effective!
3: Try to choose high prices to short, stop loss: 3345-3350
4: Expected gold price decline target on Monday: 3370-3350
As shown in Figure 4h:
On Friday, gold prices fluctuated downward and prices fell back. The overall trend continued to return to the 3400-3180 range of fluctuations.
I have emphasized this analysis to all fans. This is the trend of differentiation and divergence;
I have emphasized this analysis to all fans. This is the trend of differentiation and divergence;
Current overall market:
1: Gold prices pay attention to the 3300 support level. If it returns to fluctuations, the market will return to the range. From a technical perspective next week, it is expected to fluctuate downward;
2: Due to the large drop on Friday, the current central axis support level is around 3340, and it is necessary to pay attention to the short-term pressure performance of 3340;
3: The current trend tends to fluctuate in the range; the long and short trends are still unable to break through the balance range of 3500-2950; at the same time, the weekly K-line is still in the mode of exchanging time for space. The weekly K-line exchanges time for space, and there are great variables in the future!
If there is fundamental stimulus, even 3500 points cannot stop it; if there is no fundamental stimulus, the world will return to calm and the bull market will end;
But from the current global fundamentals, the chaotic situation of global fundamentals is temporarily difficult to end completely;
From the weekly K-line trend, there is a high probability that there will be more fundamental events in the future, stimulating the gold price to form a second test of 3500 points;
If the long-term bull market is to end, the global fundamentals must be reversed, otherwise it will be difficult to change the overall bull market pattern;
Summary: Next week we will first look at the rebound and callback near 3300 points, and look down after the rebound and callback, and look at the range of shocks and downs;
Operation strategy: Pay attention to the blue path in the figure
1: First test whether the 3300-3310 support level in the Asian session is stable?
2: If the gold price can rebound, pay attention to whether the pressure in the 3320-3340 range is effective!
3: Try to choose high prices to short, stop loss: 3345-3350
4: Expected gold price decline target on Monday: 3370-3350
💸Free signal：t.me/+mXGe9RqxR2QwNjdk
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.
💸Free signal：t.me/+mXGe9RqxR2QwNjdk
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.