Gold bottomed out yesterday and rebounded, and the daily line continued to rise. However, there are two points to note:
1. The price has not deviated from the short-term moving average, which is not enough for a short-term high.
2. It is still bottoming out and rising, and it is a continuation cycle. It is the same as the upward trend. It has a strong rhythm. It depends on whether the European market can continue for the second time.
But from a weekly perspective, this week is still on the cusp of market changes, and the room for upside is limited.
From the previous market, we can see that the previous sharp increase was 1810-2145, from October 6 to December 4, a time range of close to 2 months.
From 1810-2145, an increase of 335
This time, the increase started from February 14th. If the interval is 2 months, it would probably be before April 12th. Starting from 1984, it has risen by 335, with resistance at 2319. The current highest is 2355, exceeding the previous 35. According to the scope of the risk area, it has entered the rising risk area.
Gold is still very strong now and may reach new highs, but we have to pay attention to the risks. Again, if you trade gold now, use small lots.
Today, we will pay attention to two points for gold, one is the 2325 support point, and the other is the 2318 support point. Among them, 2325 is the Bollinger lower track support point after the small cycle adjustment and shock decline, and 2318 is the support point after gold's sharp rise and fall.
If gold continues to rise and break through and reaches 2370-2375, you can try to sell in batches. Still use small lots and strictly set SL. The market changes quickly, and you need to pay attention at all times.
Join me, I will analyze the trend of gold every day and help you improve your trading success rate
1. The price has not deviated from the short-term moving average, which is not enough for a short-term high.
2. It is still bottoming out and rising, and it is a continuation cycle. It is the same as the upward trend. It has a strong rhythm. It depends on whether the European market can continue for the second time.
But from a weekly perspective, this week is still on the cusp of market changes, and the room for upside is limited.
From the previous market, we can see that the previous sharp increase was 1810-2145, from October 6 to December 4, a time range of close to 2 months.
From 1810-2145, an increase of 335
This time, the increase started from February 14th. If the interval is 2 months, it would probably be before April 12th. Starting from 1984, it has risen by 335, with resistance at 2319. The current highest is 2355, exceeding the previous 35. According to the scope of the risk area, it has entered the rising risk area.
Gold is still very strong now and may reach new highs, but we have to pay attention to the risks. Again, if you trade gold now, use small lots.
Today, we will pay attention to two points for gold, one is the 2325 support point, and the other is the 2318 support point. Among them, 2325 is the Bollinger lower track support point after the small cycle adjustment and shock decline, and 2318 is the support point after gold's sharp rise and fall.
If gold continues to rise and break through and reaches 2370-2375, you can try to sell in batches. Still use small lots and strictly set SL. The market changes quickly, and you need to pay attention at all times.
Join me, I will analyze the trend of gold every day and help you improve your trading success rate
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I reminded you today that gold has entered the rising risk zone
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