[Analysis of the gold hourly line] In the morning, the market was under pressure at 3328, and two consecutive big negative lines fell to the low of 3302, breaking through the lower track of the descending flag consolidation channel, forming an effective break. 3317 was originally the confirmation point of the channel counter-pressure, and it was also the 618 split resistance at the time. Then the middle track was lost, and the trend was bearish, so it tried to rebound but continued to fall under pressure.
But the market immediately made a V-shaped reversal, breaking through the morning high of 3328, and had attacked to 3342 before the US market. The European session was volatile and strong, and with the help of a pullback before and after the U.S. session to lure short sellers, there is still hope for a second rise
The focus of the support for the retracement is on two positions: one is the 3322 line, corresponding to the middle track and 50% split support; the other is 3318, corresponding to the 618 split support. If it stabilizes after touching it, it will most likely point to the 3348 counter-pressure position.
If the pressure of 3348 cannot be broken, there is still a possibility of repeated fluctuations in the short term. It is necessary to pay attention to whether the secondary low point appears when it pulls back to further consolidate the support structure. If the market directly breaks through and stands above 3348, 3293 may have been confirmed as a short-term low.
The recent trading strategy ideas are all realized, and all the points are predicted accurately. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us!
But the market immediately made a V-shaped reversal, breaking through the morning high of 3328, and had attacked to 3342 before the US market. The European session was volatile and strong, and with the help of a pullback before and after the U.S. session to lure short sellers, there is still hope for a second rise
The focus of the support for the retracement is on two positions: one is the 3322 line, corresponding to the middle track and 50% split support; the other is 3318, corresponding to the 618 split support. If it stabilizes after touching it, it will most likely point to the 3348 counter-pressure position.
If the pressure of 3348 cannot be broken, there is still a possibility of repeated fluctuations in the short term. It is necessary to pay attention to whether the secondary low point appears when it pulls back to further consolidate the support structure. If the market directly breaks through and stands above 3348, 3293 may have been confirmed as a short-term low.
The recent trading strategy ideas are all realized, and all the points are predicted accurately. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us!
Trade active
As expected in the trading plan, gold rebounded quickly after falling to the 3315 line, accurately triggering the long strategy, and has now successfully entered the profit stage. The market trend is highly consistent with the prediction, and the trend is still clear, which verifies our accurate grasp of the market rhythm. Trading is not an emotional game, but a manifestation of logic and discipline. The market always belongs to those who plan ahead, not gamblers who chase ups and downs. The current market rhythm is clear, and conservative traders are advised to gradually reduce their positions to stop profits, lock in profits, and ensure that the results are in their pockets. Only by adhering to planned trading and controlling emotional fluctuations can we truly be invincible in the market.Trade closed: target reached
Today, the overall strategic ideas are all accurately fulfilled, the market conditions are highly consistent with the forecast, and execution is profit. Congratulations to all brothers, strictly follow the trading plan, and at the same time reap ideal profits. If you can persist, you will stand out, and if you can't persist, you will be eliminated. The market is never short of opportunities, but those who are not firm will always be eliminated. As long as you persist, without complicated operations, your weekly income can reach more than 100-400%.Profit is the appropriate standard to test strength. No matter how professional the analysis report is, or how deeply the article reads, it cannot change our goal of pursuing profit. The wise are practical, the foolish fight for fame. Analysts are not writers, and they do not need fancy words to impress their clients. They only need to prove themselves with profits. The market is unpredictable. Excellent analysts try their best to grasp every wave of the market and give back to everyone, so that you can face the market calmly.
Congratulations to the brothers who followed the trading plan and made steady gains. It is safer to wait patiently for the key position signal to appear before participating.
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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.