Crazylambboy

Gold was bearish in early trading in 1970, and then bullish afte

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)

Gold hit a high and fell back yesterday. I reminded to start shorting and bearish. 1965 decisively turned back empty. Now continue to hold short. The target is bearish to the support of 1945 below before considering going long!

The current gold is a shock trend after a big rise. From the perspective of the 4-hour level, the shock presents a convergent triangle shape, and the shock range gradually narrows! This is also in line with the law of market operation! Generally speaking, after a big market, it corresponds to a large shock adjustment period, and the range of shocks is also narrowed from wide, from active to inactive! And when the market starts again, it is the time when the market becomes active again!

The current shock range of gold has gradually narrowed to the range of 1945-1980! In the absence of stimulus from news events, the probability of gold breaking through is very small! Continue back and forth within the interval! The lower support is the support of 1945, the lower rail of Bollinger for 4 hours. If we do not break the position after touching it, we will have more!

specific strategy
Gold is empty at 1970, stop loss at 1978, and stop profit at 1945.

Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
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