Crazylambboy

Gold is bullish but not chasing up

Long
Crazylambboy Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Life is like a dream, doomed to gain and lose, encounter and parting are all coincidences of happy memories. And that coincidence, in the watery time, is like a summer flower, blooming in our life with its truest and most splendid posture. Sometimes, you feel tired because you think too much. The world is unpredictable, don't be too obsessed when encountering things, no one can take anything away, so why bother to be entangled in a certain time and a certain thing.

The overall trend of gold was still very strong yesterday, the Asian market rose and the European market continued, so the retracement before the US market was to lure short positions, and the long orders near 1834 also ushered in a rebound very accurately. However, the market fell back after the high pressure of 1845 before the test, and the short-term daily line mid-rail pressure is effective, so don't easily chase more before it breaks through. Bollinger bands on the daily line show signs of flattening, but the lower support is located near the bonding position of the moving average, which is around 1826. This is a strong support within the day, and it is not far from the top-to-bottom conversion position of 1822. If you are long, this is a good position Location, in view of the shocks seen within the day, here is where you can try to go more.

From the point of view of H4, the rising structure has been broken at present, so don’t be in a hurry to go long. The price of gold will continue to fall, and the pressure above 1845 is also obvious. At present, the price of gold is in shock again, and the long and short are not strong. And H4's back stepping low is at 1822, if it does not break within the day, continue to look at the strength, so if you go long, you can buy more in batches at 1826 and 1822, lose 1817, and look at 1835-40. The focus is still on the strength of the European market. One more retracement before the market; the European market is weak, and the rebound before the US market is empty!

My friends are welcome to discuss with me, if you have better suggestions, you can leave a message to me

GOLD1!
Comment:
In my analysis in the morning, gold will inevitably usher in a wave of gains, and the results are in line with my analysis, everyone applauds
Comment:

I said that I was not wrong, and gold continued to rise as I expected

Please continue to pay attention to my sharing, I will make a correct judgment for everyone with my heart
Comment:
Hello traders, please continue to follow my analysis and wish you a happy life
Comment:
Welcome to join our free Telegram channel, we can exchange our opinion every day
Comment:
We learn more and make progress in our spare time
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.