Yesterday, gold rebounded as expected at a maximum of 1970, but turned down again, and fell back below 1950 at one point, but the trend in the afternoon was by no means weak. Yesterday's fall was nothing more than a wash, and since it was a wash, if you want to rise today, you will never give you an ideal buying opportunity. If you want to rise, you will go straight up. If the pullback is too large, then yesterday's market wash obviously has no meaning.
Technically speaking, the 61.8% position of the golden section from 1938 to 1973 was in 1951, and the lowest level of 1949 was also probably in this area yesterday. Obviously, this is already a strong support area! The primary pressure above focuses on the high point of 1973 last week, and the breakthrough focuses on around 1988, which happens to be 161.8% of the 1949-1973 extension and 61.8% of the golden section of 2080-1932.
In addition, the focus is that this Thursday is the 13th trading day of this round of rebound from 1932. Perhaps driven by the Fed's interest rate decision in the afternoon, the market is expected to peak and fall again! ! ! For the next layout, I suggest that you place a bearish transaction in 1965, or more extreme 1970, and bring the loss in advance in 1980. To do this kind of big data, your loss must be amplified, and then your profit The target is set at 1945, isn't it worthwhile to pay $25 safely?
For the next strategy, I suggest that you pre-order a 1965 bearish, or a more extreme 1970, and directly set the stop loss at 1980. To do this kind of big data, your loss must be amplified, and then the profit is set at 1945, stable Isn't it worthwhile to make a safe and secure profit of 25 US dollars? Excluding pending orders, based on the current market trend, it is better to wait for the opportunity quietly!
Trade active
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The trend of gold still has not been improved, and it is still in this state of oscillating and rising, but it has not yet reached our expectation of entering the market and shorting, so we still choose to wait and see,
Comment
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Wait for the data later and then consider entering the market
Trade active
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As expected, it has risen, you can buy part of it and short it