11.26 Gold Market Strategy Analysis:
Spot gold is trading sideways at a high level, and is now quoted at $2,633/ounce. The support and pressure levels are high selling and low buying, with a pressure level of 2,642 and a support level of 2,613.
Gold opened high in the morning of the Asian session, and tested the support of the 2,608 area on Monday. Gold closed at a high level on Tuesday, and ran above the 2,620 area again in the Asian morning session on Thursday, indicating that the support below is strong, and the support area is still bullish. The prediction and analysis of the Asian morning session showed that the 2,626 area above has been strongly broken, and the breakthrough will continue to look up. The focus of the day is on the 2,633 and 2,642 points above. These two points are also a matter of time. As long as you hold the long order, you can make more money! Yesterday, it was predicted that gold bulls will rise sharply in the Asian morning session today, and we have seen the results! The current highest is the 2,630 area. At this stage, it depends on whether it will continue to follow the analysis of the morning session. Wait and see!
In terms of U.S. trading operations, hold long orders in hand. Gold is directly long near 2627. It has now broken through 2626. At this stage, it depends on the two points of 2633 and 2642. If it breaks through, continue to buy long. If it touches 2642 for the first time, you can sell short. See Just go to 2635-33. The U.S. market backtests 2633 and goes long again. Look above 2650! I said yesterday that if the market opens at a normal high, the expected limit of the bulls can be seen in the 2670 area!
Gold trading strategy:
Buy gold directly near the current price of 2627, with targets at 2642, 2650, and 2664; sell short if it reaches three points of 2642, 2650, and 2664 for the first time; buy long in batches if it reaches three points of 2624, 2621, and 2615; more real-time The layout is subject to the actual offer;
Trade active
In the European trading operation, hold long orders in hand. The current price of gold is directly long around 2624. At this stage, it depends on the two points of 2642 and 2650. If it breaks through, continue to go long with the trend. It touches 2650 for the first time and is short, and it is expected to be 2640-38. However, the U.S. market backtested to go long again near 2640-38, and looked above 2664!
Gold European session strategy:
Go long directly near the current price of gold at 2624, with targets at 2642, 2650, and 2664; if it is given at 2650, 2664, and 2670 for the first time, you can go short; if it is given near 2621, 2618, and 2612, go long in batches; more real-time layouts are subject to the actual market;
💥Free gold trading signals: t.me/+kPqySQreJpUxNDU1
🏆Strategy guidance
💰Analysis layout
🥇Market tracking
💹In-depth analysis, accurate prediction, grasp the pulse of the gold market, if you like my ideas, please follow and forward
🏆Strategy guidance
💰Analysis layout
🥇Market tracking
💹In-depth analysis, accurate prediction, grasp the pulse of the gold market, if you like my ideas, please follow and forward
💥Free gold trading signals: t.me/+kPqySQreJpUxNDU1
🏆Strategy guidance
💰Analysis layout
🥇Market tracking
💹In-depth analysis, accurate prediction, grasp the pulse of the gold market, if you like my ideas, please follow and forward
🏆Strategy guidance
💰Analysis layout
🥇Market tracking
💹In-depth analysis, accurate prediction, grasp the pulse of the gold market, if you like my ideas, please follow and forward
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.