The hourly chart uses the high point of 3500 as the adjustment wave pattern, and is currently in the second rebound confirmation high point. That is, the high point of wave B in the adjustment wave pattern, and there will be some competition here. There will be repetitions in the confirmation process. At present, the 4-hour chart rebounds from the lower track to...
Gold opened, and gold is rising as expected. The MACD indicator fast and slow lines quickly intersected to form a golden cross on the water; therefore, I suggest that long positions be the main focus, and short positions be the secondary focus.
From the daily gold chart, yesterday's gold price fell sharply and recorded a large real body negative candlestick pattern. The previous price peaked at a relatively obvious high, suggesting that the upper pressure effect is strong. The MACD indicator double line began to turn downward, increasing the risk of further short-term correction. However, the MA5 and...
Gold fell by $240 in two trading days, but then rebounded strongly. The 1-hour moving average formed a dead cross. The moving average has no upward or downward momentum. Shorting can still be continued after the rebound. Therefore, it is recommended to short on rebounds and long on pullbacks. Pay attention to 3368-3370 on the top and 3260-3285 on the bottom.
