Brothers, today gold went long near 2980 and rose as expected to $3001. Everyone witnessed it! Or see my previous post. Let me tell you that investing in gold should follow the trend, take advantage of the trend, and make plans according to the trend.
Okay, brothers, let's talk about today's topic, what to do if gold is stuck? This post will teach you how to get out of the trap and turn the tables! ! The content is a bit long, please read it patiently.
First, review your orders.
Second, study the next trend of gold.
Third, calculate the available funds in your pocket.
In the gold capital trading market, capital is constantly creating the market and constantly harvesting the market.
There is a saying in gold: "Sell high and buy low" Study the next development trend of gold, follow the trend and don't go against the trend.
The following is an analysis of the current gold situation and the next development trend:
No matter how the market changes, gold's bullishness this year has not converged at all. Under the stimulation of market news and the influence of geopolitical situation, gold's risk aversion sentiment is high. Last week, it directly broke through the previous high of 2955 and refreshed the high to 3004. This wave of strength is very fast, and it is impossible to predict where the high point will be. Therefore, Shanhai's rise on Thursday and Friday surprised many people. As of 16:50 in the afternoon of today's European session, it is still hovering around 3000 points.
Negative factors, Trump's tariff war in early April may gradually ease from the peak of chaos; Trump's call with Putin may affect the short-term rhythm; there are some profit-taking orders near the 3000 mark; the sharp decline in the US dollar index may gradually stabilize in the next week or two.
Overall, the gold price is currently fluctuating in the historical high price zone, and there is still a risk of extreme pull-up shipments. However, because there are some profit-taking orders near the 3,000 mark, a sharp rise will also be accompanied by a sharp drop during extreme fluctuations, so you cannot blindly chase high prices. Now, whether it is the rising space or the moving average, they are facing the first wave of corrections. In this kind of fragmented rise, the most feared thing is the price correction, which can easily drop to hundreds of dollars in three to five days. Therefore, you must pay attention to this, don’t blindly buy more, and don’t miss the opportunity to open a short position at the right time! Gold prices will definitely fall further. We should follow the trend and make short-term operations. Pay attention to the short positions near 2990-3000, stop loss at 3005, and take profit at 2978/2967/2960.
The resistance near the previous high of 2950 has become a short-term support. The 5-week moving average price is near 2930. Therefore, before the support zone of 2930-2950 is stabilized, it can be temporarily understood as still being in the "pull-up" stage of extreme pull-up and shipment. We should be prepared for the shocks that will continue until April and May. This is the bottom line thinking. Therefore, for low-long fast entry and exit, the time node is more important. That is, in the next 1-3 weeks, you may still be able to take advantage of the big drop and correction to go low-long, but it will be very dangerous after this time.
Because many friends have contacted me recently, I will give you a general direction today. I wish you all to get out of the trap as soon as possible and realize the wealth freedom of turning losses into profits. Come on!
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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.
Strive for weekly trading profit: $40000, are you interested in joining this goal? Free signals in Telegram:
t.me/+alDpuIRD9vU4MWQx
t.me/+alDpuIRD9vU4MWQx
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.