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Gold has a perfect V-shaped reversal today. It opened at 3177 and fell unilaterally in the Asian session. It hit 3120 at noon and then rose slowly. As of the time of writing, it has completely recovered the decline and is currently trading around 3195. I have analyzed the European session. After the gold price broke through the extreme drop of 3200, it needs to be repaired, but it has taken another rebound correction. The analysis also gave attention to 3156 to 3168 to continue to be bearish. With the slow rise and break, the bearish view is invalid. Now make a new analysis.
Since the gold price has been rising slowly since 3120, let’s not guess whether this wave of upward movement is a rebound or a trend reversal. In terms of operation, I suggest to follow the trend and look at its upward movement first. Because we have analyzed the general trend before, it is still in the second wave of decline since the high-level decline and has not reached the trend target; secondly, the rebound of 70 points from the low level is not enough to judge the trend reversal. So first pay attention to the stagflation after this wave of slow bull trend and then make a trend judgment.
At the hourly level, the gold price has been rising slowly since the opening of the US market. This slow rise is generally not a top. We will wait for a correction and break through the previous hourly K before analyzing it. In terms of specific operations, we can first follow the trend and enter the market with long orders, with protection at 3176. The upper target is 3110. After breaking through, wait for a correction of 8-10 points to continue to go long and look at 3239. Then pay attention to whether the 3200 mark can be stabilized at the close of today, which is related to our layout ideas at the end of the week.
Gold has a perfect V-shaped reversal today. It opened at 3177 and fell unilaterally in the Asian session. It hit 3120 at noon and then rose slowly. As of the time of writing, it has completely recovered the decline and is currently trading around 3195. I have analyzed the European session. After the gold price broke through the extreme drop of 3200, it needs to be repaired, but it has taken another rebound correction. The analysis also gave attention to 3156 to 3168 to continue to be bearish. With the slow rise and break, the bearish view is invalid. Now make a new analysis.
Since the gold price has been rising slowly since 3120, let’s not guess whether this wave of upward movement is a rebound or a trend reversal. In terms of operation, I suggest to follow the trend and look at its upward movement first. Because we have analyzed the general trend before, it is still in the second wave of decline since the high-level decline and has not reached the trend target; secondly, the rebound of 70 points from the low level is not enough to judge the trend reversal. So first pay attention to the stagflation after this wave of slow bull trend and then make a trend judgment.
At the hourly level, the gold price has been rising slowly since the opening of the US market. This slow rise is generally not a top. We will wait for a correction and break through the previous hourly K before analyzing it. In terms of specific operations, we can first follow the trend and enter the market with long orders, with protection at 3176. The upper target is 3110. After breaking through, wait for a correction of 8-10 points to continue to go long and look at 3239. Then pay attention to whether the 3200 mark can be stabilized at the close of today, which is related to our layout ideas at the end of the week.
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Our goal is simple, to provide the most professional guidance for free to help everyone make a profit
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.