Goldtrend
Gold sold in 1933-1938
The market continued to be in a unilateral decline mode this week. Today gold once again came to the 1928 first-line position. I personally think that the initial jobless claims data later will be even more bearish. So today is the best time to sell gold.
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There are no continuously falling markets. There is no such thing as a consistently rising market. So how to grasp accurate trading signals. Follow me.
At present, gold has come to the 1940 line. The short-term support below is at the 1937 line. Very narrow. So why did it suddenly drop yesterday. It still has a lot to do with the dollar. So how will the market behave when it encounters support. I personally see the rebound trend.
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Gold sells high and buys low
The market is currently struggling with two stocks of news. The long and short sides are in a fierce game. Mainly based on bulls' risk aversion. Bullish on gold. The bears are using the Fed's rate hike as a medium. Bearish on the market. The current price of gold is around 1960. The short-term remained at the 1966-1954 first-line shock. Although there is no big trading opportunity, but when there is a high point or a low point in the band. It is still possible to complete the transaction through accurate trading signals. thus making money.
If you are still in the market and don't know how to make precise transactions. Come to my channel. contact me. I will tell you how to make steady profits in such a market through more than ten years of trading experience. I can always steadily lead my VIP members to rapidly expand profits. If you are still losing money. Then go to my channel link below. Find me and message me.
The Law of 28 must be very clear to everyone. 80% of the people in the market are losing money. Only a few make money. If you send accurate trading signals to you, and charge a certain fee. So will this ratio continue to expand? Become my VIP member. Every trading signal is wonderful like magic.
2023-6-1 BTC&GOLD:反弹一步到位,临近下行通道上轨,谨慎操作。BINANCE:BTCUSDT
BTC今天下跌的低点打在日线下行通道的中轨,也是之前几次突破失败的下行趋势线,今天回踩测试支撑,但总体走的弱一些,实体部分再次收在上升通道下轨之外,明后两天的收线比较重要。
再看看黄金,大饼这半年多的时间跟黄金的日线走势一致性较高,下面是黄金的日线和4h图:
黄金日线:
黄金4h:
黄金日线在下轨获得支撑,连续一段时间保持在下轨之上,4h今天插了根针收回跌幅,大饼今天下行了一波,不过还没收回跌幅。
基于黄金在上升通道内运行的走势,判断大饼暂时不会走大跌行情,那么可以做的就是震荡或者上涨行情,昨天和今天下行的时候看多较为强势的以太,没有被市场牵着鼻子走,算是逢低做多了,均价在1860附近,目前还没盈利,仍需等待市场走出来。
明后两天的收线如实体部分仍收在通道外,兼之日线临近死叉,则需谨慎操作不看多。
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本文中的信息仅供参考,不构成投资建议。
在任何投资决策中,投资者应该考虑自己的投资目标和风险承受能力,并且在可能的情况下,寻求专业的金融建议,DYOR。
作者不对任何人因依赖本文中的信息而造成的损失负责。
Gold: Latest Trading Strategies
Fundamentals of Gold:
In early Asian trading on Monday, March 13th, spot gold maintained its strong upward trend, with the price hovering around $1881 per ounce, up nearly $15 on the day. Earlier, the price of gold had risen more than $20, as the Fed's "rescue" action sparked an increase in market risk appetite, which dealt a major blow to the dollar and stimulated a surge in gold prices. After Silicon Valley Bank's bankruptcy, the Fed announced a new emergency loan program on Sunday to strengthen the banking system's capacity, which will help ensure that banks have the ability to meet the needs of all depositors and prevent other banks from experiencing similar runs.
Currently, the probability of the Fed raising interest rates by 50 basis points in March has plummeted from 75% to less than 10%, and the probability of a 50 basis point hike in May has been wiped out. There are increasing calls in the market for the Fed to consider pausing or even cutting interest rates. The Fed and the U.S. Treasury's emergency measures to support banks have been well-received by the market, improving risk appetite and dealing a blow to the dollar. Market anxiety is also running high ahead of this week's U.S. consumer price index (CPI) report, especially after Fed Chairman Powell recently emphasized that the pace of tightening will be based on "overall data".
Technical Analysis of Gold:
After the release of the non-farm payroll report last Friday night, the market's expectations for a 50 basis point rate hike by the Fed in March cooled somewhat, and the U.S. dollar index continued to dive, nearly breaking through the 104 level. Driven by the risk aversion sparked by Silicon Valley Bank's collapse and the non-farm payroll report, spot gold broke through three key levels of $1850, $1860, and $1870, before giving back some gains to close up 1.97% at $1867.03 per ounce, marking a new closing high since February 10th and achieving two consecutive weeks of gains. The highest point of gold was around 1869, with the closing price settling around 1867 in the following period.
On the 4-hour chart, a bottom-up rebound wave broke through the secondary high of 1858 to form a reversal, while the double bottom rebound of 1805 and 1810 formed a 4-hour double bottom rebound, with the neckline of 1858 forming a breakthrough. The top-bottom reversal this week has changed from resistance to support at 1858, which is the reversal point of the neckline and also the support of the bulls. The 4-hour chart also shows a bottom-up rebound, which is also an upward wave, with a wave of 1810 forming a surge in volume, and after a retracement, it is gathering strength again.
In the beginning of the week, pay attention to the second rebound support point. In the short term, there may be some back and forth, as this is the first upward reversal and the moving average indicator has not yet turned upward, so short-term consolidation is needed. On the 1-hour chart, gold is oscillating upwards based on the middle rail. Last Friday, it broke through 1858 and retraced to 1854 before stabilizing, which is also the strong and weak critical point of this week, and strength will not break below 1854. In the Asian session, there is a gap in prices, so it is not urgent to chase the high, wait for the gap to be filled before participating in a low long position.
Trading Strategy:
Short around $1885, take profit at $1870-1865;
Long around $1865, take profit at $1880-1890
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