Short-term-king

Gold bulls are brewing the next round of outbreak?

Long
Short-term-king Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Although the gold price yesterday did not reach the first line of 2010 that I expected, it reached the highest line of 2003, and it was only 7 US dollars away from the expected position of the first line of 2010.After gold surged to the 2003 line yesterday, it fell back in shock, and the market was gradually digesting the Fed's previous hints that it might suspend interest rate increases.But the market will continue to pay attention to whether the banking crisis spreads further.In addition, the increasingly tense geographical relations will also provide strong support for gold prices.

Judging from the current trend of gold, the gold price has fluctuated and fallen. It can be seen that there are a lot of selling at the 2000 position, which also shows that there will still be repeated market washing near the 2000 position.From the technical structure point of view, the current short-term gold price is too fast, so there is still a need for correction in the short-term, so the technical structure supports the repeated washing of gold prices.But on the whole, the upward trend has not changed, so until the trend has not changed, we can continue to maintain a bullish thinking.

In the short-term treatment, the top focuses on the pressure of the recent high of 2010, and the bottom focuses on the support near 1980.

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Comment:
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Trade active:
Because gold may still be washed repeatedly in the 1980-2010 range in the short term, short-term gold trading ideas during the day:

1.Choose to sell gold in small batches near 2005-2010; stop loss position 2011, take profit position 1985-1980

2.Choose to buy gold around 1981-1985, the stop loss position is 1979, and the take profit position is near 2000
Trade active:
Buying gold around 1986 has begun to make a profit
Trade active:
Just now, the sell order for crude oil near 68.6 has already taken a profit near 68, and crude oil can currently chase short positions twice near 69.2.
Trade active:
Comment:
Comment:
Today, whether it is a sell order near 2003 or a buy order near 1986, we have all made good gains in the range. Congratulations to ourselves.
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