Gold market analysis:
Recently, gold trading has been very fierce. Yesterday, there was a sharp drop and then a sharp rise, with a range of 200 points. This range is rare in history. We have said many times before that the fluctuation rhythm of gold this year is the largest in history. Before, it fluctuated by 200 points in a month, and now it can fluctuate by 200 points in a day. The market is ever-changing. In such a market, ordinary investors need to take losses. Only if you take losses, it means you have made a mistake. At most, you can get out. Don't increase the bet repeatedly, which will make you die very quickly. Don't fight against the market. It is always right and you are always wrong. Today's idea is that we estimate that gold will be repaired. The possibility of continuing to rise in the Asian session is gone. It rose too much yesterday. Today, it needs a repair and daily adjustment. The estimated adjustment range of the Asian session is 3192-3252, and the central axis position is around 3227. Note that the market has been sold yesterday.
In the European and American markets, we focus on the two long opportunities at 3155 and 3175. If the middle axis does not go back, you can short short. Now the rhythm is the most important. The above analysis chart shows that it is already in a V-shaped pattern. Short-term conversion to buy. If it breaks 3155, be careful that it will be washed again. The repair market can be bought and sold today. The important rhythm issue is.
Fundamental analysis:
Recently, there are a lot of fundamentals, but there are relatively few data. The impact on the market is also very large. The Sino-US trade negotiations, the Russian-Ukrainian negotiations, and the India-Pakistan ceasefire have all affected the market.
Operational suggestions
Gold-----Buy near 3170-3180, target 3200-3230
Recently, gold trading has been very fierce. Yesterday, there was a sharp drop and then a sharp rise, with a range of 200 points. This range is rare in history. We have said many times before that the fluctuation rhythm of gold this year is the largest in history. Before, it fluctuated by 200 points in a month, and now it can fluctuate by 200 points in a day. The market is ever-changing. In such a market, ordinary investors need to take losses. Only if you take losses, it means you have made a mistake. At most, you can get out. Don't increase the bet repeatedly, which will make you die very quickly. Don't fight against the market. It is always right and you are always wrong. Today's idea is that we estimate that gold will be repaired. The possibility of continuing to rise in the Asian session is gone. It rose too much yesterday. Today, it needs a repair and daily adjustment. The estimated adjustment range of the Asian session is 3192-3252, and the central axis position is around 3227. Note that the market has been sold yesterday.
In the European and American markets, we focus on the two long opportunities at 3155 and 3175. If the middle axis does not go back, you can short short. Now the rhythm is the most important. The above analysis chart shows that it is already in a V-shaped pattern. Short-term conversion to buy. If it breaks 3155, be careful that it will be washed again. The repair market can be bought and sold today. The important rhythm issue is.
Fundamental analysis:
Recently, there are a lot of fundamentals, but there are relatively few data. The impact on the market is also very large. The Sino-US trade negotiations, the Russian-Ukrainian negotiations, and the India-Pakistan ceasefire have all affected the market.
Operational suggestions
Gold-----Buy near 3170-3180, target 3200-3230
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.
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.