trendtraderkarl

Gold has a good chance to make money next week

Short
trendtraderkarl Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Review of the gold market this week: The short position of gold continued this week, the highest hit 2022 under pressure, the lowest fell back to 1952, the volatility fell by 70 US dollars throughout the week, completed from Monday to Thursday, and began to rebound on Friday. The operation is mainly short-term, and it may usher in a breakout next week, so try to grasp it!
Gold trend analysis: At the weekly level, gold remains volatile at a high level, but is limited up and down. The indicator is bearish but also has a weakening trend. The main chart retraces, but it also maintains an upward trend, and the larger range continues to focus on 1952-2000. The key resistance above is still in 2020, further focus on 1986-1993, and look at 2000-2010 for breakthroughs. Below, focus on 1958 and support around 1952. Daily level: The price of gold is oscillating sideways below the 5-day moving average and the middle rail; MACD is running at a dead cross, KDJ golden cross, and the pressure on the upper moving average is obvious, suggesting that there is still a risk of falling again. However, it is still within a certain range, and it is difficult to break through the range in the short term. First, you can pay attention to the long-short strategy of entering the support and resistance in the 1970-1930 range after the downward breakthrough and then continuing to the 1970-1930 range.
Analysis of the golden cycle: Gold fluctuated strongly on Friday. Although there was a wave of rebound in the US market, it was still under pressure on the 1986 line, and then started to adjust again. In terms of the daily structure, the market is expected to expand the room for adjustment. The bottom can be expected to step back from the previous low in the 1958-1952 area, and the possibility of a new low to see the test in the 1940-1930 area cannot be ruled out. However, judging from the structure of the hourly chart, it is expected that the short-term market will fall to the first line of 1970, and the market will actually fall to around the previous small low point of 1958-1950, which is also an adjustment within a reasonable range. Moreover, the indicators on the hourly chart are oversold, so the overall trend structure has not been damaged. The 1860 line may still provide some rebound kinetic energy, but as long as the upper part cannot pass the pressure around 2000-1993. Then its downward trend is still obvious. Next week, focus on the 1986-1993 short-term pressure test at the top, and continue to focus on the 2000 mark for strong resistance. Below this level, we will continue to be bearish on gold. If the market returns to above 2022, the intraday decline may lose its bearish influence. In the short term, focus on the competition in 1970, and there may be competition in 1960, but the main support can be locked in the 1958-1950 area of the previous low point competition zone.

Gold trading ideas: To put it simply, next week's rallies are mainly short-selling, and the first pressure above is around 1986. You can short-selling if you don't break this position. The watershed of strong pressure is at the 2000 mark. As long as the back draw does not break this position, gold will still fluctuate slightly, and the probability of making a new low is still relatively high. If the bottom directly falls below the low point of 1952, the midline will continue to fall back to the position of 1943-1930-1918, and the limit can be seen to be around the previous low of 1908. On the whole, in terms of short-term operation of gold today, Jin Hao recommends rebounding and shorting, supplemented by callbacks. The top short-term focuses on the first-line resistance of 1992-1995, and the bottom short-term focuses on the first-line support of 1960-1963. Friends must keep up with the rhythm . It is necessary to control the position and stop loss issues, set a strict stop loss, and do not resist single operations. The recent market turmoil has been relatively large, and opportunities and risks coexist. Control risks before gaining profits.


Gold long-short operation strategy for next week: rebound in batches around 1986-1990, stop loss 6 points, target around 1975-1970, break to see 1960 line; gold callback 1960-1963, do long in batches, stop loss 6 points , the target is around 1970-1980, break the position to see the first line of 1985

The strategy is for reference only, and the strategy is subject to the actual offer! Contact me for daily trading signals
Trade active:
When you read this article of mine, it proves that your operation is not ideal, but you are not reconciled. I am not reconciled to having all my funds taken away by the market in this market. But where is the problem, friends, please rationally analyze why you are always slower than others.
I have always emphasized that to reasonably control positions, the main focus is to control risks. If you want to make an investment overnight, you will have a hundred nights to regret it. What we learn is knowledge, and what we accumulate is wealth! There are no 100% orders in this market, and there will always be mistakes. What the market lacks is not a teacher or a strategy, but a qualified risk controller. If you are always the same on the road of investment, then you are a real failure
Trade active:
When you read this article of mine, it proves that your operation is not ideal, but you are not reconciled. I am not reconciled to having all my funds taken away by the market in this market. But where is the problem, friends, please rationally analyze why you are always slower than others.
I have always emphasized that to reasonably control positions, the main focus is to control risks. If you want to make an investment overnight, you will have a hundred nights to regret it. What we learn is knowledge, and what we accumulate is wealth! There are no 100% orders in this market, and there will always be mistakes. What the market lacks is not a teacher or a strategy, but a qualified risk controller. If you are always the same on the road of investment, then you are a real failure
Trade active:
When you read this article of mine, it proves that your operation is not ideal, but you are not reconciled. I am not reconciled to having all my funds taken away by the market in this market. But where is the problem, friends, please rationally analyze why you are always slower than others.
I have always emphasized that to reasonably control positions, the main focus is to control risks. If you want to make an investment overnight, you will have a hundred nights to regret it. What we learn is knowledge, and what we accumulate is wealth! There are no 100% orders in this market, and there will always be mistakes. What the market lacks is not a teacher or a strategy, but a qualified risk controller. If you are always the same on the road of investment, then you are a real failure
Trade active:
Once again in line with our trend forecast Gold continues to make money!
Friends who want to make money contact me
Trade active:
Once again in line with our trend forecast Gold continues to make money!
Friends who want to make money contact me
Trade active:
Once again in line with our trend forecast Gold continues to make money!
Friends who want to make money contact me
Trade active:
Once again in line with our trend forecast Gold continues to make money!
Friends who want to make money contact me
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