2000 may be difficult to stick to, next week 2030 will rebound e

14 Mei 2023

The price of gold is again on a high level correction on Monday. This week, gold as a whole surged and fell back, continuing the weekly pattern of the previous week. The top peak hit 2048 and then retreated until the U.S. market fell back to the lowest mark of 2000 on Friday, which is basically the same as last week. The trend is that they all rose at the beginning of the week and retreated at the end of the week, but they all fell below the 2000 mark, and the weekly closing was around 2011.

On the contrary, silver's retracement this week was significantly larger, falling below 24, and silver's short position has increased. Next week, we need to pay attention to the possibility of gold's 2000 mark being broken, and the bulls are no longer so optimistic. , The weekly line received two consecutive upper shadows that rose and fell back. The risk of continuing to retrace next week is very high, and the probability of 2000 is untenable.

However, if we analyze it in the mid-term, the weekly line can only be treated as a correction at a high level. Last week, it retraced the high point and then retreated to the 2000 mark. Now the bulls and bears will compete for this point. Who can occupy this position? , the market outlook will be able to dominate the medium-term trend, and now the short-term is bearish, and the medium-term is still difficult to judge.

As for next week, the short-term operation must be based on rebounding and high-altitude layout, but because the main suppression at the daily level is concentrated above 2030, so if 2000 is still holding on to the support at the beginning of the week, we still need to wait patiently for the opportunity to rebound , If you break through 2000 directly, you can also see the line from 1980 to 1970 with the short position, and the long position is considered to enter the market in the range from 1970 to 1950.

I have been doing gold and silver transactions for decades, from my twenties to my fifties, from an energetic young man to a mature and stable old man, I have paid a lot, and published fewer and fewer articles Yes, but I feel better and more relaxed. After all, trading is only a part of our life, not all of it.

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14 Mei 2023

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14 Mei 2023

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please continue to wait and see