Gold cashes in on the 2300 line, will it be short next?
Gold cashes in on the 2300 line. Friends who follow the signal have already made a lot of money.
Time is of the essence, let’s talk about the results first! Today's 2290 is a very important dividing line between long and short, and it is the key point that determines whether gold can continue to strengthen in the short term and reach new highs! Above this price, bullish. But if it falls below this level, it is very likely that gold will plummet in the short term!
First of all, the daily channel pressure is in the 2300 mark area. Yesterday, the price hit 2304 for the first time and then fell back at a slow pace. It fell as low as 2282 and then rebounded and hit 2300 again but weakened! Then the price began to fluctuate and began to rise to 2304 for the third time and fell rapidly. At this point, the three attempts to reach the 2300 mark during the day were all crushed. Currently, the outline of short-term high shocks has emerged, with the high at 2304 at the top and the low at 2280 at the bottom! High range shock!
However, judging from the one-hour closing price, the key support below the high box is at 2290. In other words, if it falls below this level, the one-hour pattern will peak and turn short! This is the first top form since the bulls started rising at 2157, which is of great significance! What does it mean when a one-hour top pattern appears after a large unilateral rise?
To put it simply;
First, 2300 is the daily level channel pressure.
Second, after the high price box consolidation, it fell below 2290 and the one-hour pattern reached a top and turned short!
Third, after bulls unilaterally rose from 2157 to the current historical high of 2304, a one-hour top signal appeared for the first time! This is the first top signal after the bulls unilaterally rose by $147!
The above conclusion is that the daily level pressure coincides with the one-hour top shape, which can be understood as cyclical resonance! And yesterday's three upward surges have also shown that regional pressure at the 2300 mark exists! Once a technical adjustment is made, it must be a deep adjustment. This is a technical adjustment based on the sharp rise of 147 US dollars. Conservatively speaking, it will fall to 2267 or even 2250! Of course, this excludes the possibility of false bursts!
Time is of the essence, let’s talk about the results first! Today's 2290 is a very important dividing line between long and short, and it is the key point that determines whether gold can continue to strengthen in the short term and reach new highs! Above this price, bullish. But if it falls below this level, it is very likely that gold will plummet in the short term!
First of all, the daily channel pressure is in the 2300 mark area. Yesterday, the price hit 2304 for the first time and then fell back at a slow pace. It fell as low as 2282 and then rebounded and hit 2300 again but weakened! Then the price began to fluctuate and began to rise to 2304 for the third time and fell rapidly. At this point, the three attempts to reach the 2300 mark during the day were all crushed. Currently, the outline of short-term high shocks has emerged, with the high at 2304 at the top and the low at 2280 at the bottom! High range shock!
However, judging from the one-hour closing price, the key support below the high box is at 2290. In other words, if it falls below this level, the one-hour pattern will peak and turn short! This is the first top form since the bulls started rising at 2157, which is of great significance! What does it mean when a one-hour top pattern appears after a large unilateral rise?
To put it simply;
First, 2300 is the daily level channel pressure.
Second, after the high price box consolidation, it fell below 2290 and the one-hour pattern reached a top and turned short!
Third, after bulls unilaterally rose from 2157 to the current historical high of 2304, a one-hour top signal appeared for the first time! This is the first top signal after the bulls unilaterally rose by $147!
The above conclusion is that the daily level pressure coincides with the one-hour top shape, which can be understood as cyclical resonance! And yesterday's three upward surges have also shown that regional pressure at the 2300 mark exists! Once a technical adjustment is made, it must be a deep adjustment. This is a technical adjustment based on the sharp rise of 147 US dollars. Conservatively speaking, it will fall to 2267 or even 2250! Of course, this excludes the possibility of false bursts!
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Following the trend, the low and long positions are bullish. There is no suitable entry position in the Asian market, and the focus is on the European market. Below, focus on the morning low of 2302-2306 range, and other positions will be arranged accordingly.
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Today it has fallen back more than 20 points from 2353, but in the current trend, do not arbitrarily believe that there is a top. In trading, it is better to focus on lows and longs. Rely on the first wave high point of 2353 to participate in defense. It is not that you cannot go short in the recent market. Short selling can only rely on the previous high as a defense. Once the high is broken, just give up all short orders. Do not forcefully add short positions!
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Gold 2345 long order, profit has been made, are you following the signal?
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⭕️Six years of gold trading experience.
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🔵Free signals and ideas.
🟢Discussion group 2-3 free trading signals per day. Discussion group:
Telegarm： t.me/Leo8975
