jherryPowell

The idea of gold consolidation falling back and rising

Long
jherryPowell Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold's support for 2036 in the morning has now fallen below, so we will pay attention to the second support near 2030. If there is a stabilization, we will continue to stay low and stay more bearish.The gold operation recommends buying in 2030, risk control in 2026, and the target is 2038~2040.

The chart is a golden 4H chart

The Bank of Gold is based on the following reasons:

1. The golden daily line will continue to attack in the sun, and the bulls will take advantage of the trend and there will be new highs.

2. According to the update of the Turing wave trading System, 2001 needs to be focused on, the late break will end with 5 waves and 5, and the upside will need to pay attention to 2052 and 2063.

3. The intraday pressure is from 2038 to 2040, and the support is from 2030 to 2036.


Since there are data to be announced today, the impact on gold is relatively large, but judging from the current situation, there is a high probability that gold will be profitable. Pay attention to controlling positions and setting take profit and stop loss before the data comes out.If you have anything unclear, you can leave a message below.


Comment:
The data will be announced soon
Comment:
The data is profitable, rising, and those who are not greedy for buying and rising will take profit and leave the market. This is also the reason for everyone to control their positions, because people are greedy, and they are currently releasing high-level pressure. After it stops, they can still be bullish.
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