3.17 Gold short-term may extend low and long

17 mar

Last week, the gold market opened at 2912.9 at the beginning of the week, and then fell back at the beginning of the week. After the weekly low reached 2880, the market rose strongly due to risk aversion. After breaking the previous historical high of 2957, the market accelerated upward. On Friday, the weekly high reached 3005.2, and then the market consolidated. The weekly line finally closed at 2986.1, and the market closed with a big positive line with a lower shadow slightly longer than the upper shadow. After this pattern ended, the market continued to look at the bullish demand point after the adjustment at the beginning of the week. After the breakout of 2940 and 2958 last week, the stop loss was followed up at 2956.

Short-term operation suggestions:

SELL: 2995 target 2980 70 stop loss 10

17 mar

Trade attivo

Intraday data:

US February retail sales monthly rate

US March New York Fed manufacturing index

US March NAHB housing market index

US January commercial inventory monthly rate

17 mar

Trade chiuso: obiettivo raggiunto

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