Market-King1

The latest gold market analysis and operation suggestions layout

Short
Market-King1 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday, the gold price surged higher and fell back. After a short-term rise, it fell below the daily opening price. Technically, it can be judged that the gap support in the 2233-2236 area has been released. The short-term downward support of the gold price has gradually weakened, and it is bound to continue to drop during the day. , after five consecutive positive trends on the daily line, the strength is gradually weakening. There is no obvious pressure above, but the daily line closed with a long upper and lower shadow line. The closing line of the daily line appears to be very tangled, but for the unilateral upward trend, differences. There is no doubt that the selling sentiment in the market is increasing. Don’t think too much about short-term layout ideas. If the rebound does not break 2272, just go short boldly!

Taken together: In terms of trend, the bullish trend is temporarily controlling the market, and we can only follow the trend. However, following the trend is not so easy at this stage, because the market has just hit a new high, and there is not enough time. The market is unstable, so there are uninterrupted trends. The correction is corrected. Yesterday's sideways support was at 2245-2240, and the top-bottom conversion support was around 2220. These two supports serve as a basis. In the short-term, the principle of follow-up is mainly considered. The temporary range chosen in the short-term during the day is 2265-2220. This interval of 2230.
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Trade active:
I have met many investor friends who know nothing about investing, blindly enter the market, and lack investment skills and knowledge. Therefore, he lost a lot of money. I would like to remind everyone: investment is risky and you need to be cautious when entering the market. I'll be waiting for you in my channel if needed.
Trade active:
I have met many investor friends who know nothing about investing, blindly enter the market, and lack investment skills and knowledge. Therefore, he lost a lot of money. I would like to remind everyone: investment is risky and you need to be cautious when entering the market. I'll be waiting for you in my channel if needed.
Trade active:
I have met many investor friends who know nothing about investing, blindly enter the market, and lack investment skills and knowledge. Therefore, he lost a lot of money. I would like to remind everyone: investment is risky and you need to be cautious when entering the market. I'll be waiting for you in my channel if needed.
Trade active:
I have met many investor friends who know nothing about investing, blindly enter the market, and lack investment skills and knowledge. Therefore, he lost a lot of money. I would like to remind everyone: investment is risky and you need to be cautious when entering the market. I'll be waiting for you in my channel if needed.
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