Trend analysis: The gold trend competed around the downward trend line in the two trading days this week, forming a shock range with high and low points from 2290 to 2330. From a moving average perspective, gold prices are between the 5-day moving average and the 20-day moving average at the daily level. Under the suppression of the 20-day moving average and the Bollinger Middle Track above, the resistance to gold's rise is still very high. Unless major positive factors emerge from geopolitical fundamentals, it will be difficult to reverse the short trend at gold's daily level. The pressure position between 2340 and 2350 above is the watershed between long and short gold daily lines.
Looking at the current market, the price of gold continues to hit a new low in early trading to around 2306. Although it failed to break through the 2300 integer mark, the weakness of the rebound and the short-term downward extension to 2300-2290 are enough to reflect the strength of gold shorts. It is recommended to watch the short-term break down on the basis of the 2290-2330 range oscillation. The short-term support should focus on 2300 and 2290. The break will mean the formation of a weak trend, which is expected to extend to 2270 or even lower. If it is accidentally broken by the bulls, it will need to Focus on 2345 and 2355. These two points can be regarded as the strongest defenses for shorts. We should continue to place mid-line short orders. Whether shorts can regain control will depend on the 2300 mark in 1-2 trading days in the short term. The market closes below, otherwise the bulls may still make a comeback.
It is recommended to follow up short orders in the current price area of 2320, stop loss 2327, and target 2303-2290!
Looking at the current market, the price of gold continues to hit a new low in early trading to around 2306. Although it failed to break through the 2300 integer mark, the weakness of the rebound and the short-term downward extension to 2300-2290 are enough to reflect the strength of gold shorts. It is recommended to watch the short-term break down on the basis of the 2290-2330 range oscillation. The short-term support should focus on 2300 and 2290. The break will mean the formation of a weak trend, which is expected to extend to 2270 or even lower. If it is accidentally broken by the bulls, it will need to Focus on 2345 and 2355. These two points can be regarded as the strongest defenses for shorts. We should continue to place mid-line short orders. Whether shorts can regain control will depend on the 2300 mark in 1-2 trading days in the short term. The market closes below, otherwise the bulls may still make a comeback.
It is recommended to follow up short orders in the current price area of 2320, stop loss 2327, and target 2303-2290!
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Today’s operation suggestions: long near 2308, stop loss 2303, or short near 2320-2325, stop loss 2330.
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Today’s operation suggestions: long near 2308, stop loss 2303, or short near 2320-2325, stop loss 2330.
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Buy at 2312, a perfect profit of $15. If you follow my signal, you will also make a huge profit at this time.
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The escalation of the Palestinian-Israeli conflict has caused gold to rise in the short term. Pay attention to whether the 2340-2345 area can break through.
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Today, both long and short profits are made. If you are still losing money, you can contact me as soon as possible and I can help you recover your losses.
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Today, both long and short profits are made. If you are still losing money, you can contact me as soon as possible and I can help you recover your losses.
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Today, both long and short profits are made. If you are still losing money, you can contact me as soon as possible and I can help you recover your losses.
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Gold is mainly long at low levels today.
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