Pay attention to gold’s pullback first, then track gold’s rise
Because the number of people filing for unemployment benefits in the United States increased more than expected that week, it strengthened the market's bets that the Federal Reserve will cut interest rates this year; in addition, the failure of ceasefire negotiations in the Middle East increased the market's concerns about the situation in the Middle East, and risk aversion once again supported the rise of gold. . Gold broke through multiple important resistance areas during its rise and once again formed a unilateral rise in the short-term pattern. The news dominates the rising market and does not give any chance for technical adjustments. Gold currently reaches a maximum of around 2378.
Because the market's bullish sentiment has been ignited, it may be difficult for gold to have a relatively large correction space in the short term, so gold will continue to be bullish in the short term. However, during the rapid rise of gold, there was not much retracement action, and the underlying foundation is not strong. Gold is also likely to retrace its steps to confirm support when encountering resistance, and then rise after a short-term correction to confirm support.
So in the next transaction, we must first focus on the 2380-2385 area resistance, followed by the 2390-2395 area resistance. If gold touches this area, we can first try to short gold, and then go long gold after the gold's fall is confirmed. Below, we first focus on the 2350-2345 area support.
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Because the market's bullish sentiment has been ignited, it may be difficult for gold to have a relatively large correction space in the short term, so gold will continue to be bullish in the short term. However, during the rapid rise of gold, there was not much retracement action, and the underlying foundation is not strong. Gold is also likely to retrace its steps to confirm support when encountering resistance, and then rise after a short-term correction to confirm support.
So in the next transaction, we must first focus on the 2380-2385 area resistance, followed by the 2390-2395 area resistance. If gold touches this area, we can first try to short gold, and then go long gold after the gold's fall is confirmed. Below, we first focus on the 2350-2345 area support.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Trade active:
Gold returns to 2360 but does not break, you can go long gold
Trade active:
Gold bounces back to near 2373, great trade
Trade active:
Gold will rise again after retreating
Trade active:
Gold fell back to around 2357 and rebounded again, with relatively strong buying support below.
Trade active:
It is estimated that the gold market will not fluctuate much now, after all, it is Friday.
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