Through the analysis of the hourly chart of gold, we know that the market rose first and then fell on the previous trading day. Affected by the delivery period, the main bulls once again opened positions at the 2492 line below. We can clearly see from the chart below that when the previous wave fell back to the 2493 line, the main bulls opened positions again, which led to a small rebound. Last Friday, during the decline, the main bulls once again opened positions. In the short term, it has not completely stopped falling and stabilized. It is not ruled out that further declines and adjustments will reach the strong support moving averages of 2 and 3 below. In the short term, we focus on the suppression of the No. 1 moving average. Once it breaks through again and stands on it, the market will reverse. In the short term, we continue to think about high-altitude and low-multiples, focusing on buying on dips. The specific suggestions are as follows:

Gold 2496 and 2488 and 2475 are long,

Gold 2514 and 2527 are short,

Specific market entry signals and stop-profit and stop-loss signals will be posted in my channel. Please check them in time
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I have entered the market with a long position at the first point and the current profit is as expected.

Everyone is welcome to argue the views I have published.
Chart PatternsgoldintradaygoldlonggoldminersgoldpredictiongoldpreisgoldpricegoldsellgoldtradingstrategyTechnical IndicatorsTrend Analysis

Senior gold analyst who has been engaged in gold, US dollar, and oil trading for 12 years. Join me and I will lead my team to help you become a professional trader and expand your assets.
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