The 1-hour moving average of gold has begun to turn downward, and gold may open up room for decline. The 1-hour moving average of gold has now formed a head and shoulders top structure. Gold rebounds or continues to be short. The market is weakening, and the gold price has fallen below the 3,000 mark. The market direction has turned short, so the short-biased situation has been finalized. Long positions must be put aside first, because it is a short market now. You can continue to short after the gold price rebounds and adjusts. Pay attention to the 3020 line on the upper pressure level. You can go short directly when it rebounds! Overall, the short-term operation strategy for gold next Monday is to short on rebounds as the main strategy, and to go long on pullbacks as the auxiliary strategy.
Reference for gold operation strategy next Monday:
Short order strategy: Short 20% of the position in batches when gold rebounds to around 3020-3022, stop loss at 3055, target around 3010-3005, and look at the 3000 line if it breaks;
Long order strategy: Long 20% of the position in batches when gold pulls back to around 2998-3000, stop loss at 8 points, target around 3010-3015, and look at the 3020 line if it breaks;
Reference for gold operation strategy next Monday:
Short order strategy: Short 20% of the position in batches when gold rebounds to around 3020-3022, stop loss at 3055, target around 3010-3005, and look at the 3000 line if it breaks;
Long order strategy: Long 20% of the position in batches when gold pulls back to around 2998-3000, stop loss at 8 points, target around 3010-3015, and look at the 3020 line if it breaks;
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Focus on trading XAUUSD, USOIL, BTC
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
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.