Gold 2000 is not the end, keeping the low is the key, breaking t

The current market conditions, like the weather, are unpredictable, sometimes hot and cold. Isn't this the current market situation? In the same market, different people react differently, and everyone expresses his or her own opinion in the chaos, and both are right and wrong.




Gold began to bottom out at 1810 on non-agricultural night and rose strongly, entering a sweeping upward trend for two consecutive weeks. Until the Friday of the previous week, the price accelerated to 1997 and then fell back. Therefore, last week entered a correction of rising and falling. , during the correction process, there is a "squat" action before each final rise. Squat down to confirm the support and then continue to climb upward. It breaks the high and accelerates. After breaking the high, it falls back again under pressure.



As shown in the figure, it is the overall market rhythm last week. Four consecutive times were "squatting" to determine the support, and the lows continued to rise, and then bottomed out and rebounded to break through new highs and accelerate the sprint.



It just so happens that this channel range is also within the rising channel area of the previous week, and last Friday's acceleration sprint 2010 happened to be the upper track position of the channel.



So, for gold at the beginning of this week, whether it breaks the channel means whether it breaks a new high, and if it breaks through the upward switching space, it will further climb upward and sprint.



Instead, focus on holding low, holding low is effective, and then look at the action of continuing to rise.




The accelerated climb formed in the late trading period last Friday will be corrected in today's Asian market. The European market is under pressure and has stepped back to determine the support. Then the first concern is to continue to climb after the support is determined. First look for the high point, and then look for the breakthrough.



Referring to this idea, I have entered the market from 1994 to 1992 and looked at the price upwards to find resistance at the high point. If the price really wants to "squat" before continuing to rise, then the next support will be focused on 1984-1982, and the previous low will be used as Defense, let’s look at the strong rise after bottoming out. The time point is still in the US market period. Please refer to the previous four time cycles.



Gold is long in 1994-1992, stop loss is 1987, target is 2004-2010

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It started to rise, everything was as expected.

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Brothers, Monday is a perfect start. Congratulations to everyone on making money.

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Making money is so easy