After the shock structure is over, where will the gold price go?
In recent trading days, the volatility of gold has been relatively small, and there have been no major ups and downs. At present, it can be treated as range fluctuations. The rebound is limited and basically the rebound has stopped until a certain point. The same is true yesterday. The rebound to the vicinity of 1975 is still falling downwards, while the short-term support is near the 1950 position.Judging from the recent market trend, a large wave of trend processes must be confirmed twice before a large upward or downward trend can be achieved, so the short-term structure is still to build a shock range.
The current volatility range of gold has gradually narrowed to within the range of 1950-1975!Without the stimulus of news events, the probability of gold breaking the level is very small, and it will continue to go back and forth within the range.At present, the previous low level of the price of gold has become an effective support. It is not certain whether it can support the rise again, but it is certain that there is no room for the price of gold to fall again, and the potential energy is even more weak. The downward extension of strong support is located in the 1935-1933 area.At present, the 4-hour chart has entered the contraction and shock of the triangular range, and it has been maintained in the range for a short period of time. It has broken through and stood firm at 1975, so the bulls can continue to see the high of 1980-1986.For the time being, the top pays attention to the pressure of 1970-1975, and the bottom pays attention to the support of 1952-1955.
Short-term trading reference:
1.Sell gold near the 1974 position, stop loss level 1979, take profit level 1960-1955
2.Buy gold near the 1954 position, the stop loss level is 1949, and the take profit level is near 1968
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
The current volatility range of gold has gradually narrowed to within the range of 1950-1975!Without the stimulus of news events, the probability of gold breaking the level is very small, and it will continue to go back and forth within the range.At present, the previous low level of the price of gold has become an effective support. It is not certain whether it can support the rise again, but it is certain that there is no room for the price of gold to fall again, and the potential energy is even more weak. The downward extension of strong support is located in the 1935-1933 area.At present, the 4-hour chart has entered the contraction and shock of the triangular range, and it has been maintained in the range for a short period of time. It has broken through and stood firm at 1975, so the bulls can continue to see the high of 1980-1986.For the time being, the top pays attention to the pressure of 1970-1975, and the bottom pays attention to the support of 1952-1955.
Short-term trading reference:
1.Sell gold near the 1974 position, stop loss level 1979, take profit level 1960-1955
2.Buy gold near the 1954 position, the stop loss level is 1949, and the take profit level is near 1968
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
