Technical analysis of gold, how to operate the US market?
Looking at gold on the daily line, the relative strength index (RSI) fell to 40, reflecting a bearish bias in the near-term outlook. Gold may face strong resistance at 1940, which is the confluence of the downtrend line and the 100-day moving average. Looking at gold from the 4-hour line, with the relative strength index (RSI) line at 14 recovering from the overbought area, gold prices are approaching the support line from a month ago. A looming bullish crossover on the moving average convergence and divergence (MACD) indicator added strength to gold's corrective rally. On the whole, it is recommended to rebound and short in the evening gold operation!
Gold evening operation strategy:
Empty order strategy: It is recommended to go short at 1932-1934, stop loss at 1941, and target around 1918;
Multi-single strategy: It is recommended to go long at 1918-1916, stop loss at 1910, and target around 1930
Detailed daily trading signals can contact me to get! I wish you all a great and profitable new week
Gold evening operation strategy:
Empty order strategy: It is recommended to go short at 1932-1934, stop loss at 1941, and target around 1918;
Multi-single strategy: It is recommended to go long at 1918-1916, stop loss at 1910, and target around 1930
Detailed daily trading signals can contact me to get! I wish you all a great and profitable new week
Trade active:
In addition, some fans and friends told me that because of their own mistakes, they got caught in the buy order transaction, and asked me how to solve the problem. Here I would like to share with you my suggestions!
I have reminded before that in the 1940-1985 range, we are more inclined to break down, and our previous thinking has gradually turned to shocks and bearishness. Judging from the fact that gold is currently trending, there is no problem with my analysis!
At present, the daily line has no bottoming signal for the time being. 1900 may be a matter of time. At present, gold has started the second wave of decline within the year.
For short-term trapped long orders, the price must be above 1940. If the loss is not too serious at present, then when it is near 1932 in the evening, you should consider reducing your position, or leaving the market, or closing your long position, and backhand shorting , everyone decides for themselves, the pressure above 1940 is strong, even if it unexpectedly rises, it will be difficult to break through 1938-1940.
If you don't want your trading to be trapped, your account to be burned, and you want to make stable profits like me, then seeking professional advice and help is undoubtedly your best choice
I have reminded before that in the 1940-1985 range, we are more inclined to break down, and our previous thinking has gradually turned to shocks and bearishness. Judging from the fact that gold is currently trending, there is no problem with my analysis!
At present, the daily line has no bottoming signal for the time being. 1900 may be a matter of time. At present, gold has started the second wave of decline within the year.
For short-term trapped long orders, the price must be above 1940. If the loss is not too serious at present, then when it is near 1932 in the evening, you should consider reducing your position, or leaving the market, or closing your long position, and backhand shorting , everyone decides for themselves, the pressure above 1940 is strong, even if it unexpectedly rises, it will be difficult to break through 1938-1940.
If you don't want your trading to be trapped, your account to be burned, and you want to make stable profits like me, then seeking professional advice and help is undoubtedly your best choice
Trade active:
If you don't want your trading to be trapped, your account to be burned, and you want to make stable profits like me, then seeking professional advice and help is undoubtedly your best choice