Thursday Market Analysis and Signals
Gold has a 6-day negative structure. The adjustment started from 2670 and the current round of adjustment has been adjusted downward in a volatile manner. As of yesterday's low of 2604, the adjustment has fallen by less than 70 US dollars. How much room is there for this correction? How much space is left below this callback? From a technical perspective, the price deviates from the moving average. In the short-period four-hour chart, the price fluctuates downward along the moving average. It still maintains the middle and lower track of the Bollinger Bands. Gold technically remains bearish and fluctuates downward, but it is still mainly shorted on rebound. Secondly, we need to pay attention to the impact of today's CPI data.
Gold has been building a top structure recently. The rebound of gold is an opportunity for shorts. 2600 may fall below at any time. Gold can be directly shorted near 2620. The weak rebound of gold means that it continues to be weak. The decline of gold has not ended yet, and there will be accelerated downward exploration. Let's look forward to it together.
Gold's 4-hour moving average continues to turn downward and diverge, and is about to form a death cross. Gold's 1-hour moving average is also a death cross and diverges downward. Gold has basically no rebound strength in the past two days, and the rebound is suppressed by the shorts. Gold was repeatedly under pressure above 2620 yesterday. Gold rebounded below 2620 in the Asian session and continued to be short at highs.
Today's gold trading idea: Maintain yesterday's idea unchanged. When gold rebounds near 2620, short sell flexibly, with a target near 2600. If it falls below 2604 and rebounds by $5, short sell again, with a target near 2590.
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Gold has been building a top structure recently. The rebound of gold is an opportunity for shorts. 2600 may fall below at any time. Gold can be directly shorted near 2620. The weak rebound of gold means that it continues to be weak. The decline of gold has not ended yet, and there will be accelerated downward exploration. Let's look forward to it together.
Gold's 4-hour moving average continues to turn downward and diverge, and is about to form a death cross. Gold's 1-hour moving average is also a death cross and diverges downward. Gold has basically no rebound strength in the past two days, and the rebound is suppressed by the shorts. Gold was repeatedly under pressure above 2620 yesterday. Gold rebounded below 2620 in the Asian session and continued to be short at highs.
Today's gold trading idea: Maintain yesterday's idea unchanged. When gold rebounds near 2620, short sell flexibly, with a target near 2600. If it falls below 2604 and rebounds by $5, short sell again, with a target near 2590.
More signals have been sent to the VIP group
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