Trading_King_Arthur

Trading_King_Arthur

BTCUSD now has an obvious double-head pattern, and the short opportunity is worth a try. There is support near 86600, followed by 85800. These can be used as two targets. If the support is strong during the fluctuation process, the order can be closed in advance.

Trading_King_Arthur Updated 

Gold has a second chance to rise, so you can continue to go long. Pay attention to the resistance near the previous high of 3035-3038. If you can't break through, close the order in time. If you break through, 3042-3046 will be a short-term strong resistance level. If the price falls, I personally think that the support will give priority to 3016-3011, followed by 3007

Trading_King_Arthur Updated 

The gold 3H chart shows signs of upward movement, and the 30M chart forms a double bottom. Currently, the resistance near 3023 is also trying to break through. You can try to go long, and pay attention to the support in the 3018-3013 area.

Trading_King_Arthur Updated 

The fluctuations are not big now, judging from the structure of the 30M icon. The probability of rebounding and then falling later is relatively high. My trading idea is to wait for the rebound to go short. The short orders entered near 88K yesterday are now generally profitable. They can be closed first and then entered after the rebound to prevent the price from...

Trading_King_Arthur

The gold price rose above 3012. The long orders entered near 3004-2996 before the closing are currently profitable. From the trend pattern, there is still room for rebound, but it will take some time. During this process, the price may fluctuate. For friends who have already made profits, it is not worthwhile to bear the risk of profit taking, so this order can be...

Trading_King_Arthur Updated 

This is a relatively standard double top pattern. The possibility of a decline after a small rebound is higher, so shorting is recommended.

Trading_King_Arthur Updated 

In the New York session, gold is mainly low-long. Pay attention to the support level. If it falls below, close the order in time.

Trading_King_Arthur

Today's bulls have won a great victory. After completing the target of 86K, the targets near 87K and 88K have also been achieved. The current indicator forms a short position. It should fluctuate and fall near 88K, so the transaction can be mainly short.

Trading_King_Arthur

Gold is now making its first attempt at resistance. In this process, we can use the black trend line below and the purple trend line as reference support. If the price does not actually fall below the test, there is a high probability that it will reach the 3037-3044 area. Therefore, during the European trading period, the 3037-3044 area can be used as an...

Trading_King_Arthur Updated 

This is a relatively healthy rebound. After breaking through the first resistance, it slowly rose to the second resistance, where it has been tested many times. The current shape is good and there is room for further rise. Therefore, in the current transaction, it is recommended to take long as an important reference direction, and the target is near the...

Trading_King_Arthur Updated 

Last Friday, gold rebounded to near resistance. Although the indicator in the 30M level chart shows that there is still some rebound momentum, the space is not very large, because the head and shoulders pattern has appeared in the early stage, and the pressure on the bulls is still very large. Therefore, in the intraday trading on Monday, we can focus on short...

Trading_King_Arthur

The market has opened. As mentioned in the previous article, gold still has a rebound. Under the current circumstances, our main focus is the resistance area of ​​3027-3037. I personally think that the probability of a direct breakthrough is not high, so we maintain the trading idea of ​​shorting in this range. During the decline, 3018/3015/3011/3007 are the...