Freeing up space for gold will increase trading opportunities
Because of the impact of strong non-farm payrolls data, gold directly fell from 2038 to near 1999. As the retracement space increases, it will make the recovery insufficient.But as the space is released, short-term trading opportunities will also increase, so how should we trade next?
1.Don't chase short easily, because as the room for retreat increases, the market's risk aversion still supports gold, and gold may be pushed up by risk-averse buying at any time, so don't easily chase short gold at low levels.
2.The increased space for gold retracement will make the recovery insufficient, so we still maintain the idea of rebounding and shorting gold.
3.Pay attention to the 2030-2040 resistance area above. If you enter the resistance area for the first time, you can appropriately consider shorting gold.
4.The following support focuses on the 2007-2005 area, and further focuses on the 2000-1998 area.
The above are the key areas that need to be paid attention to in the short term, as well as the general trading rhythm, and I will publish more detailed trading rhythm and entry positions in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
1.Don't chase short easily, because as the room for retreat increases, the market's risk aversion still supports gold, and gold may be pushed up by risk-averse buying at any time, so don't easily chase short gold at low levels.
2.The increased space for gold retracement will make the recovery insufficient, so we still maintain the idea of rebounding and shorting gold.
3.Pay attention to the 2030-2040 resistance area above. If you enter the resistance area for the first time, you can appropriately consider shorting gold.
4.The following support focuses on the 2007-2005 area, and further focuses on the 2000-1998 area.
The above are the key areas that need to be paid attention to in the short term, as well as the general trading rhythm, and I will publish more detailed trading rhythm and entry positions in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
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