Short-term-king

Gold prices are higher and are expected to hit 2010 points again

Long
Short-term-king Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Due to the Federal Reserve's hint that it is about to suspend interest rate increases, and Yellen's speech created a warming of bank risks, gold today continued yesterday's rally and edged higher again.The overall trend showed an incremental increase, reaching the highest level of 1983.7.

Judging from the trend of gold prices, yesterday's daily gold line closed as the mid-yang line, recovering all the mid-yin K-lines of the previous day. After the daily double-yin adjustment, the positive K-line recovered, and there were slight signs of a stop in the short-term, and the local area will temporarily enter a high level of volatility.It may remain in the high range and pull the saw back and forth, entering a daily-level shock correction.

Judging from the 4-hour level chart, the current short-term support is relatively firm, and the upper side is initially facing the first-line pressure of 1985, and the lower short-term support is on the first-line of 1965.Judging from the fragile sentiment of the market, gold still tends to rise. If it effectively stands above 1985 in the process of rising, the gold price is expected to hit the recent new high near the 2010 position again.

In the short-term treatment, the lower support is near 1965, and the initial pressure above is near 1985.

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Trade active:
At present, gold has fallen back to the 1968 position. Everyone focuses on the good gold price position. You can buy it near the 1965-1966 position.
Trade active:
After gold fell back to near 1966 in the short term, it rebounded in the short term.Currently trading at the 1983 position, gold multi-orders have made a profit of about 17 US dollars
Trade active:
Gold is currently rising in the short term, and the price is currently rising to near 1993. The gold we bought at the low level has made a significant profit.
Trade active:
At present, the price of gold is trading around 2000, which is only 10 dollars away from 2010, and our long orders have also made substantial profits
Comment:
Friends who still hold long positions in gold can make a profit and leave the market. From 1966-2000-1995, there is at least a profit of 29 US dollars
Comment:
At present, gold has fallen back in the short term, creating good trading opportunities for us in the future
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