Last Friday, gold prices plummeted by nearly 1,000 points. Our model issued a sell signal at 2337 on the 1-hour chart, and we immediately entered the market to sell. Subsequently, another sell signal was given at 2311 on the 2-hour chart, prompting us to increase our short position. Both positions were eventually closed profitably at 2295.
Today's trading recommendation:
Wait for the price to rebound to the 1-hour chart resistance level of 2316.5 and go short. If there is a valid breakout, switch to a long position.
If the price rebounds to the 2-hour resistance level of 2331, go short. If there is a valid breakout, switch to a long position.
Observe whether the price can drop to the daily chart support level of 2272, which should be a strong daily support level. It may be worth attempting a long position at this level.
From the monthly chart perspective, the price is expected to remain mostly downward this month, with a low probability of breaking through the previous high.
Today's trading recommendation:
Wait for the price to rebound to the 1-hour chart resistance level of 2316.5 and go short. If there is a valid breakout, switch to a long position.
If the price rebounds to the 2-hour resistance level of 2331, go short. If there is a valid breakout, switch to a long position.
Observe whether the price can drop to the daily chart support level of 2272, which should be a strong daily support level. It may be worth attempting a long position at this level.
From the monthly chart perspective, the price is expected to remain mostly downward this month, with a low probability of breaking through the previous high.
专注于外汇黄金始于2007年
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.
专注于外汇黄金始于2007年
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.