Analysis of short-term gold trading on 8.29
Gold has been rising in the middle of the night these two days. Gold has reached a high level again. Every time it goes up, we have to consider whether gold has finished adjusting and has begun to turn. The choice now is to repeatedly build a peak or accumulate momentum to break through; but since gold has not broken through yet, we will continue to short at a high level.
Gold's 4-hour moving average began to turn, and the momentum of gold bulls was obviously suppressed. If a dead cross is formed, gold will continue to go down; if gold fails to break through, bulls will lack confidence, which will give gold shorts an opportunity.
Gold's rebound seems strong, but the high point has not been broken. Don't be confused by the superficial strength. Gold continues to weaken after being strong. This is also the recent norm. Bulls are still unable to do their best, and gold continues to be short
Gold 2518 short, stop loss 2522, target 2505-2500
Gold's 4-hour moving average began to turn, and the momentum of gold bulls was obviously suppressed. If a dead cross is formed, gold will continue to go down; if gold fails to break through, bulls will lack confidence, which will give gold shorts an opportunity.
Gold's rebound seems strong, but the high point has not been broken. Don't be confused by the superficial strength. Gold continues to weaken after being strong. This is also the recent norm. Bulls are still unable to do their best, and gold continues to be short
Gold 2518 short, stop loss 2522, target 2505-2500
Nota
What do you think about the trend of gold? Welcome to comment and likeNota
Investment is a long-term plan, not a one-time investment, so don't rush for success. Even if you are losing money now, there is nothing to be afraid of. As long as you make the right choice, everything you lose will come back. If you need help, you can follow me. We have real-time trading signal updates every day. Don't miss it
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.
t.me/divedgold123
t.me/divedgold123
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.