Gold market analysis:
Recently, the market is dominated by bulls. The daily line has been setting new highs. However, after setting a new high of two points yesterday, the bulls did not continue. Today, we need to adjust our thinking in the short term. The bullish daily line cross star means that the short term needs to be oscillated and repaired. There is no market that has been rising all the time. Repair is inevitable. Is 3057 a big top? I can tell you very confidently that it is not. The current daily and weekly lines are both bullish. If there is no big waterfall on Black Friday today, the weekly line will still close with a big positive. Then gold will continue to hit a new high next week. The general direction of the unilateral rise can be followed.
Today, the gold bulls should not chase so aggressively, and they should adjust and wait patiently for the big position before considering it. In the Asian session, we pay attention to two position supports. One is 3020-3022, which is the recent entry direction. If this position is broken, the short-term will turn to short. Today's thinking also needs to be adjusted. After working for a week, it may be sold at the end of Friday today. The hourly support is around 3030. This position is supported by the pattern and 1-hour indicator. Buy before it is broken.
Support 3030, strong support 3020-322, pressure 3047, strong pressure 3057, the strength and weakness dividing line of the market is 3040.
Operation suggestion:
Gold------Buy around 3022, target 3060-3090
Recently, the market is dominated by bulls. The daily line has been setting new highs. However, after setting a new high of two points yesterday, the bulls did not continue. Today, we need to adjust our thinking in the short term. The bullish daily line cross star means that the short term needs to be oscillated and repaired. There is no market that has been rising all the time. Repair is inevitable. Is 3057 a big top? I can tell you very confidently that it is not. The current daily and weekly lines are both bullish. If there is no big waterfall on Black Friday today, the weekly line will still close with a big positive. Then gold will continue to hit a new high next week. The general direction of the unilateral rise can be followed.
Today, the gold bulls should not chase so aggressively, and they should adjust and wait patiently for the big position before considering it. In the Asian session, we pay attention to two position supports. One is 3020-3022, which is the recent entry direction. If this position is broken, the short-term will turn to short. Today's thinking also needs to be adjusted. After working for a week, it may be sold at the end of Friday today. The hourly support is around 3030. This position is supported by the pattern and 1-hour indicator. Buy before it is broken.
Support 3030, strong support 3020-322, pressure 3047, strong pressure 3057, the strength and weakness dividing line of the market is 3040.
Operation suggestion:
Gold------Buy around 3022, target 3060-3090
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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.
We share free trading signals of various products (XAUUSD, foreign exchange, oil, BTC) every day, with high accuracy and lucrative profits.
t.me/+aLnifhBYkww1ODlh
t.me/+aLnifhBYkww1ODlh
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.