The overall trend of gold yesterday is a sign of bottoming out, the Asian market began to fall, and then the European market shock did not break the previous low near the 1952 mark, the US market began to rebound, but the overall strength is not very large, the subsequent gold further continued to rise, and the daily K line is also charged a long candle with a long lower lead, but the moving average is still short arranged, so the current trend is still expected to fall! As long as the current short-term does not break the daily moving average MA10 corresponding to the suppression level around 1984, then fear of gold still have to be bearish, so the first key resistance level above the current is near the 1984 line, and here is also the high suppression after the previous decline, overall, the 1984 line can try to short again.
Gold daily chart, the daily close small Yang cross K, close above the MA5 moving average, down can not break the 1950 low, the market as a whole is still running at a low level strongly, the unilateral average of the daily cycle is suppressed in the 1985 line, pay attention to this position within the day to suppress.
If you have enough funds to trade gold, or if you have prepared enough funds to trade gold, I thought, maybe you can try to seize this big opportunity like I did!
Trade active:
Sit tight
Trade active:
Today the Fed will publish the minutes of its May monetary policy meeting
If the minutes reinforce the possibility of an imminent pause in interest rate hikes, it could weigh heavily on the dollar's short-term move
If the minutes reinforce the possibility of an imminent pause in interest rate hikes, it could weigh heavily on the dollar's short-term move
Trade active:
Wait for the opportunity to enter
Trade active:
Sit tight
Trade active:
Friends who keep up have made good profits
Trade active:
We are on the right track. So we make a profit