Gold Key Points Summary How to grasp the end of the monthly line
đź“ŚFundamentals:
Trade policy easing and dollar rebound
Economic data and Fed policy game
Russia-Ukraine conflict and Middle East situation
đź“ŠTechnical aspects:
From the 4-hour analysis, the upper side continues to focus on the short-term suppression of the 3328-35 line, focusing on the 3345-56 first-line suppression. During the day, the counterattack relies on this position to continue to bearish and continue to fall. The lower support is around 3290-85, and the short-term long-short strong and weak watershed is the 3260-65 first-line mark. Before the daily level does not fall below this position, we will continue to see long and short shocks, and the high-altitude low-multi cycle will mainly participate.
🎯Practical strategy:
1. Go short when gold rebounds at 3328-35, and cover short positions when it rebounds at 3343-52. Target 3310-3315, and look at 3275-80 if it breaks;
Trade policy easing and dollar rebound
Economic data and Fed policy game
Russia-Ukraine conflict and Middle East situation
đź“ŠTechnical aspects:
From the 4-hour analysis, the upper side continues to focus on the short-term suppression of the 3328-35 line, focusing on the 3345-56 first-line suppression. During the day, the counterattack relies on this position to continue to bearish and continue to fall. The lower support is around 3290-85, and the short-term long-short strong and weak watershed is the 3260-65 first-line mark. Before the daily level does not fall below this position, we will continue to see long and short shocks, and the high-altitude low-multi cycle will mainly participate.
🎯Practical strategy:
1. Go short when gold rebounds at 3328-35, and cover short positions when it rebounds at 3343-52. Target 3310-3315, and look at 3275-80 if it breaks;
Trade active
The current price of gold was 3280. Long orders were placed. After a narrow range, it fell to around 3270 to cover positions. Due to the good news, gold rebounded to around 3290. All profits were taken out and waiting for the next entry opportunity.Trade closed: target reached
The trend of gold on Wednesday is exactly the same as today's analysis. Today's analysis gave attention to the 3260-68 support rebound below. In the afternoon, gold hit a low of 3267 and rebounded. Then we gave 3280 and 3270 to intervene in long orders, and the long orders also perfectly took profits at 3290. In fact, doing gold is a science and mentality. The bigger the market, the more stable we must be. Don't be confused by the market, let alone chase ups and downs. Everything should be based on following the trend and following the trend to get swing profits.
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
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.
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
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.