July 07 Gold Trading Strategy
Updated
Through the analysis of the gold hourly chart, it is known that gold has funds entering the position at the bottom line of 1920, and rebounded a small wave in the intraday. Affected by the data, it rushed up and fell back to the bottom line of 1902. The state of the warehouse has led to the recent rise of the market. After reaching the 1935 line, we found that the main force of the bulls was in a state of fleeing during the rebound process, which led to the decline in recent trading days. In the short term, we will continue to pay attention to the 1901 line. In terms of operation, we will continue the high-altitude and low-many thinking, and focus on shorting rallies. The specific suggestions are as follows:
Gold 1926 and 1930 are shorted respectively, the stop loss is 7 US dollars each, and the stop profit is 15 US dollars each;
Go long on gold 1897 and 1905 respectively, with a stop loss of $7 and a stop profit of $15.
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There are MA5 and MA10 moving averages blocking the top of gold, those who are short positions can be short, wait for the diveTrade active
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We placed a long order at the position of 1911, and just sold at the position of 1925, and the short order that was immediately connected is now profitableNote
Once again, it is verified that the market trend is completely consistent with my point of viewTrade active
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