Interest rate cuts when gold bulls still have momentum to fight
For today, Wednesday, how should gold bulls and bears be treated? So for today, intuition tells me that gold may encounter a blocked rebound in the process of going low, as for the reason, because the two days of gold rebound blocked in 2420 that ushered in a fall, the market wind direction is also gradually open to change, which leads to the market long and short reversal, retail investors have poured into the short in the rebound process, which is actually not conducive to the outbreak of short, Moreover, for now, the geopolitical risk sentiment is still continuing to ferment, gold did not take this opportunity to break out is also due to the high bullish heat caused by the market, so for the moment, due to the market's turn around, I think today that short selling or will be slaughtered, of course, for the reasons for the slaughter, I expect institutions will also take risk aversion and interest rate cuts as an excuse, However, it is worth mentioning that the rebound is only a rebound after all, at this point, I expect that the bulls will break 2420, but will encounter obstacles in the 2430-2440 area to usher in a fall again, this point, you can pay attention to prevent.
Of course, the above is just my speculation on the market, for the current, gold is not no continuation of the possibility of breaking, this, you focus on the 2370-2360 break can be, once smoothly broken, then there is no doubt that bears still have further lower 2330-2300 momentum, The key is to see whether the market malicious virtual break to attract the possibility of reversal, in this regard, for today, you try to stay on the sidelines, such as falling 2370-2360 can not be considered to do more, of course, radical 2380 can not break a minimum stop loss to participate in a wave, but remember that you also need to hang a good break empty single defense, even if it is successfully broken, All of you need to keep your reverse orders in place to guard against long reversals. So for the upper part, try to wait 2430-2440 does not break again to participate in the short, of course, radical or can refer to 2410-2414 this area, but due to the volatility of the market, coupled with I have not stared at the plate recently, this point, you need to react to the specific operation, of course, any operation, Must strictly follow my requirements to control positions and stop losses, beware of accidental outbreaks.
Of course, the above is just my speculation on the market, for the current, gold is not no continuation of the possibility of breaking, this, you focus on the 2370-2360 break can be, once smoothly broken, then there is no doubt that bears still have further lower 2330-2300 momentum, The key is to see whether the market malicious virtual break to attract the possibility of reversal, in this regard, for today, you try to stay on the sidelines, such as falling 2370-2360 can not be considered to do more, of course, radical 2380 can not break a minimum stop loss to participate in a wave, but remember that you also need to hang a good break empty single defense, even if it is successfully broken, All of you need to keep your reverse orders in place to guard against long reversals. So for the upper part, try to wait 2430-2440 does not break again to participate in the short, of course, radical or can refer to 2410-2414 this area, but due to the volatility of the market, coupled with I have not stared at the plate recently, this point, you need to react to the specific operation, of course, any operation, Must strictly follow my requirements to control positions and stop losses, beware of accidental outbreaks.
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.