Gold Spot / U.S. Dollar
Short
Updated

Gold falls below key support, short-term bearish approach

285
At present, the hourly level has fallen below the key support level of 3330, which is effectively broken as the short-term long-short watershed, which means that the market is weak and volatile in the short term. However, it does not constitute a short trend for the time being. The short-term trend in the future may still fluctuate downward, but there is no basis for a deep decline. Short-term short orders can be participated in, but the general direction remains bullish.

This week is coming to an end. If there are still operation plans, you can wait for a small rebound and then participate in a wave of short-term short operations. The target is controlled at 10-30 points. Enter and exit quickly, and don't be greedy.

Looking ahead to next week, it is expected that the market will fluctuate around 3,300 and then bottom out and then resume its upward trend. The thinking will continue to be mainly "short-term short and long-term long".

The current gold 1-hour moving average system has begun to turn downward. If a dead cross structure is further formed in the future, the downward space will be opened. After gold fell under pressure from a high level yesterday, it continued to be weak today. Combined with the bearish non-agricultural data, there is a lack of support for risk aversion. There is still room for short-term downward movement, and the overall rebound is still the main focus.

Operation suggestions:
Aggressive investors may consider shorting in the 3333-3335 range;
Conservative investors may wait for a rebound to the 3345-3350 area and enter the short position at an appropriate time.
The target is 10-30 points. It is not recommended to hold more than the target.
Trade active
Profit is the appropriate standard to test strength. No matter how professional the analysis report is, or how deeply the article reads, it cannot change our goal of pursuing profit. The wise are practical, the foolish fight for fame. Analysts are not writers, and they do not need fancy words to impress their clients. They only need to prove themselves with profits. The market is unpredictable. Excellent analysts try their best to grasp every wave of the market and give back to everyone, so that you can face the market calmly.
Trade closed: target reached
This week's trading rhythm is clear, the market trend is accurate, the trading plan is strictly implemented, the key bands are steadily captured, and the overall performance is stable and orderly. Congratulations to the brothers who firmly execute the plan and have reaped good profits. Plan trading and execution is king. The whole process revolves around the dual-wheel drive of the main structure + emotional rhythm. Refuse to chase highs and sell lows, and only make high-win-rate actions after confirmation. Trading is not frequent operations, but to see, do it right, and hold it steady. The direction is not difficult, but the difficulty is concentration and patience. The rhythm is not fast, and the fast is emotion and impulse. Next week, continue to plan first, seek victory in stability, keep a consistent rhythm, and move step by step.

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