XAUUSD: Today's downtrend remains unchanged and continues to bre

The 1-hour chart is subject to the suppression of the moving average system, and still maintains a good downward trend. In terms of operation, it is recommended to be bearish rather than chasing short, wait patiently for the rebound to short the band, short-term rebound 1924~1920, stop loss 1930, target 1908-1892.

Gold fell 1% yesterday to hit a three-month low after Federal Reserve Chairman Jerome Powell testified before Congress. The prospect of more rate hikes from the U.S. central bank overwhelmed any support for gold from signs of weakness in the U.S. labor market. To be honest, the recent market is really difficult to operate. Last night’s review found that the U.S. dollar index and gold basically fell at the same time this month. This situation has happened before, but it cannot last for a long time. It depends on when the stalemate is broken.

From a technical point of view, gold continued to fall the next day, and the daily line closed with a big negative line with upper and lower shadow lines, and the overall trend is still in the downward trend since the new high.

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The market is weak, pay attention to the US market, whether there is a suitable time to enter the market

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The 30-minute direction is bullish, buy near 1915, sell after a short-term pull-up

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The 30-minute short-term chasing high opportunity is missed, wait for the next time

Comment:

The 1920 downtrend within the day has been set

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30-minute short-term strategy:1917BUY 1913SL 1923TP

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The upper support is too strong, 1919~1920 is ready to close

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The analysis in the morning is empty around 1920! In the early trading, gold fell first and then rebounded. Now the trend has peaked in 5 minutes, and it is decisive to short around 1919! The downtrend remains unchanged, just take advantage of the trend!

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Go long and turn short, hope we can earn more

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SELL1919 Holding positions

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1923 +2lot

Trade closed manually

Comment:

we have failed

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COMEX's most active gold futures contract trading order, half an hour ago, the transaction value of the contract was 404 million US dollars, and the price of gold suddenly soared