Gold's 4-hour range has been broken, waiting for further decline
Technical analysis of gold: Gold continued to fall in the US market, and the price continued to return to the low point of the Asian market. The rise was not continuous, and the impact of tariffs remained. The market reported that the tariffs would be suspended for 90 days. It can be seen that US stocks, crude oil, gold and silver all rose rapidly, and then it was confirmed to be false news, and then fell back quickly. It can be seen that as long as the impact of the tariff news does not change, all assets will continue to be sold. However, the current fluctuations are too fast and the amplitude is too large. Short-term operations may not be easy to start, but the direction is still the most important, followed by the position. In other words, gold will continue to fall sharply. Gold continued to rebound at the opening today. The rebound amplitude actually exceeded our expectations, but the recent market is actually volatile. Because the fluctuations are relatively large, it is reasonable to have a larger amplitude, but it increases the difficulty of operation. Gold fell back after rising again, and now it is caught in a large range of fluctuations, but the overall trend is still bearish. The US market rebound is still bearish.
Gold's 1-hour moving average continues to cross the downward short divergence, and the short force has not weakened; the rebound is still short. Although gold rushed up after filling the gap in 1 hour, the upper shadow line quickly came down. The overall situation is still weak. It is under pressure near 3050 in the short term. The US rebound is under pressure at 3012 resistance, so it can continue to be short. The market is changing rapidly. Although gold seems to rebound strongly, it will eventually rush up and fall back. Gold is still the home of the shorts. However, it is now volatile. Pay attention to patiently wait for the rebound, and the volatility should not be underestimated. However, the thinking is still to maintain a high-altitude thinking. On the whole, the short-term operation of gold today is recommended to be short-selling on rebounds and long-selling on callbacks. The short-term focus on the upper side is 3012-3015 resistance, and the short-term focus on the lower side is 2950-2956 support. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist single operation.
Gold operation strategy reference: Short order strategy: short gold rebound near 3012-3015, stop loss 10 points, target near 2980-2970, break to see 2956
Long order strategy: long gold callback near 2953-2956, stop loss 10 points, target near 2970-2980, break to see 3000
Gold's 1-hour moving average continues to cross the downward short divergence, and the short force has not weakened; the rebound is still short. Although gold rushed up after filling the gap in 1 hour, the upper shadow line quickly came down. The overall situation is still weak. It is under pressure near 3050 in the short term. The US rebound is under pressure at 3012 resistance, so it can continue to be short. The market is changing rapidly. Although gold seems to rebound strongly, it will eventually rush up and fall back. Gold is still the home of the shorts. However, it is now volatile. Pay attention to patiently wait for the rebound, and the volatility should not be underestimated. However, the thinking is still to maintain a high-altitude thinking. On the whole, the short-term operation of gold today is recommended to be short-selling on rebounds and long-selling on callbacks. The short-term focus on the upper side is 3012-3015 resistance, and the short-term focus on the lower side is 2950-2956 support. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist single operation.
Gold operation strategy reference: Short order strategy: short gold rebound near 3012-3015, stop loss 10 points, target near 2980-2970, break to see 2956
Long order strategy: long gold callback near 2953-2956, stop loss 10 points, target near 2970-2980, break to see 3000
Trade active
Investing shouldn't be so difficult. I will provide one-on-one real-time guidance and tracking services for each customer, and will also share professional opinions in time to closely grasp the market dynamics. Here, you don't need to face the complex market alone. I will help you capture opportunities accurately and keep a close eye on the market. You just need to go to work as usual and accompany your family with peace of mind. When the trading opportunity comes, I will notify you as soon as possible. You just need to do a good job of entry and exit operations and reasonable position control. Don't ignore risks due to greed or negligence to avoid major losses due to sudden changes in the market. At the same time, the market is like sailing against the current. If you don't advance, you will retreat. Investors need to continue to pay attention to market dynamics, continue to learn and improve their investment capabilities, and adjust investment strategies in time to cope with the ever-changing market. This is the relaxed state that investment should have. Only 1-5 orders a day, follow a stable strategy, and continue to reap profits. Whether it is to recover the cost or to achieve several times the growth of funds, you can do it. When the market trends come, I'll be there! Please follow and contact me in time!
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.
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.