Advance analysis and strategic layout of gold next week
The intensified conflict between Russia and Ukraine over the weekend and the surge in risk aversion may stimulate the continued rebound of gold to a certain extent. Gold closed at around 2858 on Friday. Gold may continue to rebound on Monday next week under the influence of risk aversion, so we will focus on the 2870-2880 area next.
If gold still cannot break through the 2870-2880 resistance area even under the influence of news, then the structural peak of gold will be strengthened and confirmed again, and gold will continue the bearish trend under the suppression of the technical structure. So at the beginning of next week, we might as well consider using the 2870-2880 area as resistance and try to short gold first.
If gold still cannot break through the 2870-2880 resistance area even under the influence of news, then the structural peak of gold will be strengthened and confirmed again, and gold will continue the bearish trend under the suppression of the technical structure. So at the beginning of next week, we might as well consider using the 2870-2880 area as resistance and try to short gold first.
Trade active
Currently, gold has fallen to around 2860 as expected. If you followed my trading strategy mentioned above and shorted gold at 2870-2880, you could have easily made a profit of more than 100pips today, which is a very good trading result. If there are still brothers who want to make making money a part of their life, please join me in the article at the bottom!
Take continuous profit and risk control as the only goal of trading, with a monthly profit target of $100K. Join the Telegram group to start the journey of making money: t.me/+3h6XG5qtjRQyNjNk
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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.
Take continuous profit and risk control as the only goal of trading, with a monthly profit target of $100K. Join the Telegram group to start the journey of making money: t.me/+3h6XG5qtjRQyNjNk
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.