Only when you experience setbacks in everything will you realize that it is not easy to get, and what you get easily always feels too simple to cherish. This is human nature.Success is not that you don't work hard enough, but you don't persevere enough. 99% of the way is finished, but it is easy to fall in front of 1% because you give up too early.
As the market digested the news of UBS's acquisition of Credit Suisse and the joint actions of the six major central banks such as the Federal Reserve, the market's risk aversion fell, and the gold price fell from the key mark of US 2,000 in volatile trading. It is currently trading near the 1964 line.
From the perspective of gold price trends, gold surged to a position near 2009 yesterday and then fell sharply by more than 40 US dollars, and finally closed a negative K line with a long upper shadow line. This pattern generally indicates that the pressure above has begun to increase sharply, and technical indicators show that the oversold resonance is very obvious.
Although there are obvious signs of a decline in gold prices at present, the trend formed by the large cycle is not easy to turn around in a short period of time, and market sentiment continues to be fragile, and the uncertain macro background will continue to attract gold buying.So I think there will be repeated situations here in the short term. Even if the bulls start again, they still need to repeatedly adjust the step-back confirmation process.
In the short-term treatment, the lower support is in the 1950-1955 area, and the upper resistance is in the 1980-1985 area.Operationally, high-throwing and low-suction operations can be carried out in this area.
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Trade active
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In terms of specific operations, you can enter the market with multiple orders around 1960
Trade active
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You can enter the market with multiple orders around 1960-1961
Trade closed: stop reached
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Our current gold multi-order has reached the 1955 stop loss level. Since the stop loss is temporarily, we will wait for the market to stabilize before looking for trading opportunities.I cannot guarantee that every trading strategy of mine will be 100% correct, so while everyone enjoys the profit, they also have to bear the risk of a certain loss.
But what I can guarantee is that I will try my best to get the maximum benefit with the smallest risk, so we must set a good take profit and stop loss during the trading process.For example, in our gold trading yesterday, we made good profits in all three transactions, totaling a profit of 30 US dollars, but today the multi-order near 1960 gold suddenly fell to the first-line stop loss level of 1955, with a loss of 5-6 US dollars.Therefore, I hope that everyone must be in a good mood during the transaction process, and don't affect the transaction because of their emotions.
Comment
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Gold breaks the position in the short term, don't rush to go long for the time being, wait patiently for the market to stabilize
Comment
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For the time being, wait and see for gold, see the breakthrough situation, and take orders with the trend
Comment
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At present, there is no breakthrough in the short-term, wait patiently, trading opportunities are waiting patiently, don't trade for the sake of trading