The 1-hour gold chart shows that the Bollinger Bands open downward, and the gold price is running near the lower track, with a weak short-term trend. If it fails to rebound effectively and break through the 3290 line, the support below will focus on the 3240-3230 area. Overall, the gold price fluctuates downward, the moving average system is in a short position, and the downward pressure is further revealed. It is currently recommended to continue to maintain a high-altitude thinking and focus on short-selling opportunities after the rebound.
In the short-term operation of gold during the day, rebound short-selling is the main focus. Pay attention to the pressure level of the 3290-3280 area above, and the support level of the 3240-3230 area below. In terms of operation strategy, it is recommended to arrange short orders when the gold price rebounds to the 3280-3290 range. This is a key pressure area, and it is necessary to pay attention to the market reaction in this range.
In the short-term operation of gold during the day, rebound short-selling is the main focus. Pay attention to the pressure level of the 3290-3280 area above, and the support level of the 3240-3230 area below. In terms of operation strategy, it is recommended to arrange short orders when the gold price rebounds to the 3280-3290 range. This is a key pressure area, and it is necessary to pay attention to the market reaction in this range.
Trade active
Brothers who followed the trading plan, our short positions have achieved phased gains. Judging from the technical aspects and market structure, the market still has room to go down. Continue to hold patiently. Control your own profits and control risks. The market is full of uncertainty, and discipline is always the core of trading. Don't be greedy. 💰💰💰Trade closed: target reached
Congratulations to those friends who followed the trading plan today and reaped high returns. The market is changing rapidly, and going with the trend is the kingly way. When the trend comes, just do it, don't buy against the trend, so as not to suffer. When trading, remember not to act on impulse. The market is good at dealing with all kinds of dissatisfaction, so don't hold on to orders. I believe many people have experienced this: the more you resist, the more panic you get, and your floating losses continue to magnify. You can't eat or sleep well, and you miss a lot of opportunities in vain. If you also have these troubles, then you might as well keep up with my pace and try to see if it can make you suddenly enlightened. If you need help, I will always be here, but if you don't even extend your hand, how can I help you?
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Related publications
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.