Short-term-king

Gold price bears regain control of the market?

Long
Short-term-king Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Philip Fisher once said that investment inevitably depends on luck in some places, but in the long run, good luck and bad luck will balance out, and continuous success must rely on skills and the application of good principles.

At present, the main rhythm of gold is still heavily affected by fundamental emotions, and the short-term technical trend is not expected to prevail, but technically it is still necessary to pay attention to and predict the position.

For the current market, gold has fallen into a consolidation stage after falling from its high, and the intraday upward movement has stagnated, so the current market may be further repaired and adjusted at a small level, and seek stronger support downwards.The current neckline resistance is in the 1960-1965 area.

Judging from the current strength of the rebound, the current risk aversion has cooled down, and short-term pressure measurement from 1950 to 1953 may be relatively difficult. It is very likely that it will be adjusted again after a short rebound, and the current short-term support is near the 1930 line.

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Comment:
The price of gold is currently in a narrow range, waiting for the guidance of the Fed's interest rate decision
Comment:
Waiting for the Fed rate decision
Comment:
Let's fight the Fed market
Trade active:
Gold is set in advance to choose a limit price to buy near the 1945 line, the take profit target is the 1960 line, and the stop loss is placed on the 1942 line.
Comment:
Because the interest rate decision is affected by news factors and there are certain risk factors, it is necessary to set a good take profit and stop loss to obtain the maximum benefit with the smallest loss.
Trade active:
Gold has skyrocketed in the short term, and steady friends can manually take profit at the current price and reap a profit of 10 US dollars.
Trade active:
Comment:
Gold skyrocketed in the short term, reaching as high as above 1966, reaching our take profit level of 1960, and reaping a profit of 15 US dollars. This time, the transaction based on the Fed's interest rate resolution was very successful. Here, first of all, congratulations to ourselves.
Comment:
That's the end of the current gold trading. In the short term, we will no longer chase too much, nor will we backhand short selling. The most important thing for us now is to firmly grasp the profits we have already caught.As I mentioned earlier, don't make wrong decisions because of the influence of emotions on trading thinking.Now let's wait and see for the time being, and wait patiently for the next trading opportunity.Don't forget, good trading opportunities must be patiently waited for
Comment:
Gold is still running above 1960
Comment:
Do you think gold will continue to rise in the market outlook?
Comment:
The price of gold is currently trading above the 1970 line. It seems that the energy of the bulls has recovered. After the gold is fully adjusted, where will it rise this time?
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