The US election is approaching, gold operation strategy
Updated
Technical analysis of gold: Gold is still temporarily maintaining a high range of fluctuations in the daily trend, and the price is temporarily supported around 2724. After continuous narrow fluctuations in the 4-hour level trend, the technical pattern began to gradually adjust. The price failed to form an effective breakthrough after several breaks below the current support band. Pay attention to the upward trend of gold that may appear after a false shot.
At the hourly level, the short-term moving average has also begun to diverge upwards, and there are signs of gradual strengthening in the short-term trend. Gold is obviously strong in the afternoon, and the downward trend of the hourly chart has broken upward. The short-term decline has come to an end, and it will continue to rise. Therefore, in terms of operation, it is recommended to buy gold directly, with a target of 2750-2760! Continue to look at the 2760-2780 area during the week, and continue to see a new high after breaking through
Today, the short-term focus on the upper side is 2758-2762 line resistance, and the short-term focus on the lower side is 2725-2730 line support.
At the hourly level, the short-term moving average has also begun to diverge upwards, and there are signs of gradual strengthening in the short-term trend. Gold is obviously strong in the afternoon, and the downward trend of the hourly chart has broken upward. The short-term decline has come to an end, and it will continue to rise. Therefore, in terms of operation, it is recommended to buy gold directly, with a target of 2750-2760! Continue to look at the 2760-2780 area during the week, and continue to see a new high after breaking through
Today, the short-term focus on the upper side is 2758-2762 line resistance, and the short-term focus on the lower side is 2725-2730 line support.
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Hope it helps youNote
It is expected that the rebound of gold will be in the 2678-2685 area. If it touches this area, continue to short gold. Yesterday we shorted gold and successfully made a profit of 500 points. If you want to get more trading strategies, you can click on my linkNote
The Fed rate cut news is coming in three hours, so trade with cautionNote
Many people have made money in the market and their lives are getting better and better, but many people have lost everything. If I say that our weekly profits are stable at more than 150%, you may think I am a liar, but I advise you to click on the link to see our trading results. I believe the results are the best proof, and I am also willing to help you because kindness is a good character.Note
Gold fell by nearly $100 yesterday, but quickly rebounded by about $60 today. The market is very unstable and trading needs to be cautious. If your account is stuck, please contact me as soon as possible and I will help you solve your difficulties.
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