Go long before the data,be wary of a short-selling counterattack
Yesterday, gold retreated slightly in the Asian session, continuing the strong bull pattern. We originally expected to wait for gold to retreat to the support level of 3675-3665 to go long on gold, but the market always only gives us unattainable points. In the evening, gold rebounded directly to around 3703, which is in line with my previous judgment that gold will touch 3700 after stabilizing above 3665. As gold hit a new high and the Fed was about to cut interest rates, some buyers on the upper side chose to take profits, which gave us another opportunity to retreat to the ideal point. We also successfully seized the opportunity to go long on gold. This morning, gold rebounded again to around 3695, and the long positions we held also made a wave of profits.
Judging from the current market conditions, yesterday's daily line closed with a positive sign, and 3703 became the short-term high point. The lower moving averages MA5 and MA10 in the daily chart are around 3665 and 3635 respectively, which is exactly the middle track position of the Bollinger band. Only when it effectively falls below this point, will gold usher in a trend reversal in the short term. 3665 is the key position for the top and bottom conversion, and the market's enthusiasm for a 50 basis point interest rate cut remains unabated. If gold falls back to 3665-3655 again in the European session without breaking, then gold will rebound. Therefore, before the data is released, I choose to go long on gold again and expect a rebound, with the short-term target at 3685-3705. Bros can gradually reduce their positions during the rebound or take profits and exit at appropriate points according to their own account conditions.
Judging from the current market conditions, yesterday's daily line closed with a positive sign, and 3703 became the short-term high point. The lower moving averages MA5 and MA10 in the daily chart are around 3665 and 3635 respectively, which is exactly the middle track position of the Bollinger band. Only when it effectively falls below this point, will gold usher in a trend reversal in the short term. 3665 is the key position for the top and bottom conversion, and the market's enthusiasm for a 50 basis point interest rate cut remains unabated. If gold falls back to 3665-3655 again in the European session without breaking, then gold will rebound. Therefore, before the data is released, I choose to go long on gold again and expect a rebound, with the short-term target at 3685-3705. Bros can gradually reduce their positions during the rebound or take profits and exit at appropriate points according to their own account conditions.
Dagangan aktif
This perfectly matches our expectations, and the possible trends are clearly marked in the figure.Dagangan ditutup: sasaran tercapai
In the short term, if gold rebounds again and reaches around 3675-3685, you can short gold again.
Don't do meaningless things 🌈| Professional analysis 📊| Help double your account 🚀
🌐Professional signal group🌐:t.me/Allenview
🌐Professional instructor🌐:t.me/Allen_868
🏅Fools question, wise men join, Become a better self🏅
🌐Professional signal group🌐:t.me/Allenview
🌐Professional instructor🌐:t.me/Allen_868
🏅Fools question, wise men join, Become a better self🏅
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.
Don't do meaningless things 🌈| Professional analysis 📊| Help double your account 🚀
🌐Professional signal group🌐:t.me/Allenview
🌐Professional instructor🌐:t.me/Allen_868
🏅Fools question, wise men join, Become a better self🏅
🌐Professional signal group🌐:t.me/Allenview
🌐Professional instructor🌐:t.me/Allen_868
🏅Fools question, wise men join, Become a better self🏅
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.