Is the gold plunge just beginning? CPI is coming

5 hari lalu

With the sharp drop on Monday, gold will not be as strong as before, but don't forget that the overall gold price is still bullish. It is currently adjusting under the big cycle, which is what I have always emphasized. It opened lower on Monday, and this situation is definitely weakening. We need to observe whether it will continue in the future. Today, we will focus on seeking support near 3200, but it can also turn strong at any time under the current market conditions. After all, the big cycle is still bullish, and it will most likely return to the bullish trend after waiting for the small cycle adjustment to end. In the short term, it has now rebounded to around 3200 and consolidated around 3240. The short-term pressure above is around 3260 and 3290. If it does not break this position, it will first fluctuate downward. Once it stabilizes above this position, we can still see 3350-3400 in the future. At present, the gap is obvious. Be careful to stop the decline and pull back, forming a trend of washing upward, correcting, washing, and releasing the upper long positions;

The 4-hour chart is in a weak step-down oscillation, and the resistance of the middle track has moved down to the 3300 mark. At the same time, there is a gap to be filled. It is currently in oscillation above the neckline. There are two differentiated ways of moving here. One is to directly break the neckline 3200 after the weak sideways consolidation and go deep into adjustment. The other way is to go above 3200 for another wave of rebound correction and accumulation, forming a tortuous accumulation of lows. One is weak consolidation and lows, and the other is accumulation of lows. Overall, it is still optimistic about the future market breaking through the low point of 3200, but the short-term form has many changes. The upper 3250-3260 range gathers dense transaction resistance, which constitutes short-term strong pressure! In short-term operations, 3260 is used as a stop loss and shorting at highs below. First look at the profit of this wave of callbacks, and then look at the support of the previous low point of 3200 below. If it breaks, we will continue to move downward. If it does not break, we will go long. At that time, we will choose the opportunity to lay out long-term plans according to the support of 3200.

Overall, the short-term operation strategy of gold today is to sell on rebounds as the main strategy and buy on pullbacks as the auxiliary strategy. The short-term focus on the upper resistance of 3265-3270 is the first line of resistance, and the short-term focus on the lower support of 3200-3160 is the first line of support.

Buy range: 3200-3195, SL: 3185, TP: 3220-3230

Sell range: 3265-3270, SL: 3280, TP: 3250-3240

Key points:

First support: 3200, second support: 3195, third support: 3185

First resistance: 3265, second resistance: 3270, third resistance: 3280

5 hari lalu

Nota

My signal 3265 selling has made a profit, I hope you followed my signal. Good luck to everyone.