trendtraderkarl

gold continues to fall

Short
trendtraderkarl Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold first fluctuated and repaired to around 1971 yesterday, the market rebounded in the afternoon, and then tested the pressure to the 1983 line at the high point. However, the market was under heavy pressure during the European market, and fell back to the gap gap last Friday after a wave of decline In 1969, the current market rebounded again.
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Looking back at the trend of gold throughout the day, its highs and lows are highly consistent with expectations, that is, the top 1983-85 is the first short-term resistance, and the bottom 1972-69 gap also acts as a short-term key support. The market is temporarily oscillating in this area , although it is in line with the expected judgment, but the frequency of repeated long-short switching is relatively high, which means that the market is still uncertain about the short-term direction, which is a process of digestion and decision-making. the
For the day, from the four-hour price to the short-term moving average here, it did not break on Friday, and the focus on Monday is still to be paid attention to. The breaking of the moving average keeps up, and the upper line and mid-term counterpressure need to be tested here, and the system is still in the bullish rebound. There is no short-term signal for the time being, but if it breaks the short-term moving average, it will fall back and undergo a shock correction. At least there will be no unilateral downward movement. If it breaks, it will go against pressure. Enter again after turning short in hours. For the time being, gold will first look at the above-mentioned regional shocks. However, such shocks also bring great uncertain risks to the short-term market. Around 92, or even around 2000, but if such a shock drags on for longer, it shows that the bulls lack confidence, and the role of the positive line last Friday will be greatly weakened, and it will be more difficult to achieve a reversal trend in the later period. It is regarded as a short-term rebound pressure measurement process. On the whole, today's gold short-term operation ideas suggest rebounding and shorting, supplemented by callbacks. The top short-term focus is on the 1978-1985 first-line resistance, and the bottom short-term focus is on the 1960-1950 first-line support!
Dear friends, you 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.

Strategy 1: Gold rebounded around 1973-1980 and shorted in batches, stop loss at 1991, target around 1975-1965, break the position to see the 1960 line;
Strategy 2: Gold pulls back around 1955-1950 to do long in batches, stop loss at 1948, target around 1970-1980, break the position to see the 1985 line;
(The suggestion is for reference only, the actual operation is subject to the real-time operation in the market)
Trade active:
People have no foresight, and there must be near-term worries, and the same is true for the market. The big picture determines the general direction, and the mind determines the achievement. In this ever-changing market
The ups and downs of the market are not determined by individual subjective will
It is full of more than empty fights, victory and failure are always around, but one thing, the trend of the market will determine the future direction, set the trend, select positions, control positions, and the trilogy of success, so the choice is far greater If you work hard and choose a good teacher, you will benefit a lot, and I am always there!
Trade active:
People have no foresight, they must have near-term worries, and the same is true when dealing with the market. The big picture determines the general direction, and the mind determines the achievement. In this ever-changing market, the rise and fall of the market is not determined by individual subjective will, but is full of multiple factors. Fighting in the sky, victory and failure are always around, but one thing, the trend of the market will determine the future direction, set the trend, choose the position, control the position, and the success trilogy, so the choice is far greater than the hard work, choose the good Teacher, will benefit a lot, and I have always been there!
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