Gold 1952 continues to be empty!
Since yesterday, we have repeatedly shorted in the 1950-54 area. Yesterday 1950 broke short, rebounded 1952 and shorted twice in 1951-53 today, all of which were verified by the market. Before the market fell below 1950, it was still treated with a shocking thinking, but it is the best choice to go short after breaking the position. Combined with the U.S. market data released this evening, all of them are negative, and the rebound is still mainly bearish at night.
The 1951-55 first-line short order gave the lowest opportunity around 1944, and the tension in the evening was less than we expected. Under the premise that the data set in the evening was negative, if the wave just broke, it would directly fall below 1940. At present, it is still following the route of yesterday’s shock and decline, but strictly speaking, the short position is stronger than yesterday, because yesterday’s breakout itself, today’s data is a variable, but the data is also negative, and the rebound to around 1952 in the evening can continue to be short.
On the whole, if there are still empty orders, you can continue to hold them and take them to next week. The short positions will rebound from 1952-54 and continue to be empty. If you defend 1959, you can see 1944-36. In terms of crude oil, around 72.8-73 given by us in the white market is the highest point of the current rebound for empty orders. If you enter the market and continue to hold the empty orders, you can see the line of 71.9-71.
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The gold support is at the 1940 position. If you don’t break the position, you can do more to grab a rebound at the support level. If you directly fall below the position, look directly at the 1932-1930 position below. The main operation idea is to maintain high altitude and follow the trendTrade active
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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.