Gold safe-haven pull up, chase up wisely!

No one can really ruin your life unless that person is authorized by you. It also means that your life is still determined by yourself, as long as you don't want to, no one can ruin your life, stop the loss in time. Remember not to be angry, anger will reduce your wisdom, and don't hate your enemies, because hatred will lose your judgment. If a person wants to succeed, he must be patient. The same is true for trading. To win, you must also lose. Affordable, there are no general victors in this market. If an excellent trader does not experience several stop losses, how can he know how to stabilize his profits in the future? Stop loss is a good thing. Stop loss can teach us how to succeed in the future. Teach us how to win, in the world of trading, stop loss is a common thing, stop loss is not afraid, the terrible thing is that the mentality is broken

Gold hit the 1990 mark in early trading today, and then stepped back on the support of the 1868 area under pressure, and then it was a strong upward sprint to confirm the support. It broke through a new high of 1993 in the afternoon, and continued to pull up after stepping back on 1982-1981 for the second time. The sprint accelerated to the 2009-2010 area , and then enter the correction again.

After confirming the support, it will be a sprint up and down, and then enter the space correction. After the correction, break through the height and continue to sprint.
After the price breaks through the new high in the afternoon, it steps back to the 1982-1981 area and climbs upwards. We use the bottom here as the stop loss point, refer to the long orders that intervene in the 1988 area, and see that the price accelerates to the 1998-2000 mark, and the price accelerates to reach the sprint as expected.

In the process of stepping back on the support for the second time, use the previous low point as a stop loss defense, refer to the long orders below 1996, and pay attention to the resistance in the high point area. The price climbed again and failed to break through the 2000 mark, and then fell down again, falling below the previous support point, and the long order was out.

This is a common situation in the accelerated sprint process of the continuous market. If you can hold the previous low point, the price will continue to climb and sprint. If it falls below the previous low point, it will turn into a space correction, and then Gain momentum and wait for the confirmation of the next support.

The support point 1982-1981 area that stepped back in the afternoon will be the support point in the evening, and together with the lifeline 1977 on the hourly chart, it will become the dividing line for the continuation of the market.
The high point above the 2009-2010 area is resistance suppression.

Therefore, for gold at night, pay attention to the support in the 1982-1981 and 1977 areas, wait for the space correction to confirm the support, and continue to climb upwards.
Gold stepped back into the 1982-1981 area, refer to continue to intervene in 1982 long orders, stop loss 1974, target 1992-1998

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Comment:

Met my expectation