3.17 Gold Monday opening strategy analysis
Gold technical analysis:
Gold showed a volatile trend on Friday, once climbing to the highest level and touching the 2172 line during the European trading session. However, the pressure on the upper short-term trend line failed to be effectively broken, causing the market to fall back and adjust again. At present, the gold price has entered a relatively embarrassing situation. The upper high point continues to move downwards and the amplitude of the shock is getting narrower. The gold price is bound to choose a direction to break through before the gold price returns to 2180 again. The recent trend has been in a relatively weak situation, and the market outlook will focus on the important support of the 2150 line. On Friday, we gave short orders at the 2168-2170 line, and all profits were made at the 2160 line.
From the daily analysis, the short-term pressure at the top is focused on the vicinity of 2168-70, with strong resistance suppressing the 2175 mark. The counter-drawing pressure at this position will continue to be bearish and then fall back. The key to short-term long and short strength is the 2175 mark. The daily level has not been broken through and before it reaches this position, continue to watch for suppression and shock consolidation. I will provide specific operation strategies on the website.
Gold operation strategy:
1. Buy2150-2153 SL2146 TP2165-2170
2. Sell2170-2173 SL2174 TP2155-2160
Gold showed a volatile trend on Friday, once climbing to the highest level and touching the 2172 line during the European trading session. However, the pressure on the upper short-term trend line failed to be effectively broken, causing the market to fall back and adjust again. At present, the gold price has entered a relatively embarrassing situation. The upper high point continues to move downwards and the amplitude of the shock is getting narrower. The gold price is bound to choose a direction to break through before the gold price returns to 2180 again. The recent trend has been in a relatively weak situation, and the market outlook will focus on the important support of the 2150 line. On Friday, we gave short orders at the 2168-2170 line, and all profits were made at the 2160 line.
From the daily analysis, the short-term pressure at the top is focused on the vicinity of 2168-70, with strong resistance suppressing the 2175 mark. The counter-drawing pressure at this position will continue to be bearish and then fall back. The key to short-term long and short strength is the 2175 mark. The daily level has not been broken through and before it reaches this position, continue to watch for suppression and shock consolidation. I will provide specific operation strategies on the website.
Gold operation strategy:
1. Buy2150-2153 SL2146 TP2165-2170
2. Sell2170-2173 SL2174 TP2155-2160
Trade active:
A pullback is expected this week, but we need to focus on 2150 support
Trade active:
Your comments are welcome and we can discuss market plans together
Trade active:
In the new week, we plan to make a profit of 200%+. Let’s see if we can complete it this week
Trade active:
Gold has excellent entry opportunities at the moment, if you don't want to miss out on a deal, please click on my website to contact me
Trade active:
The market is not bad today and scalping can still be profitable. Waiting for 2160 to continue shorting gold, and I wish you smooth trading.
Trade active:
The FOMC news will be released in half an hour. It is expected that gold will rise briefly and then fall. You can click on my website and I will give you market trading signals.
Trade active:
Our team has made a profit of 5 points from shorting gold and continues to wait for 2166TP
Trade active:
Gold intraday reference: Investors are waiting for US PCE data, the wait-and-see sentiment is gradually getting stronger, and gold has been range-bound. In terms of operation, it is recommended to treat it with a shock idea. The upper pressure will focus on $2,188, followed by $2,200, and the lower support will focus on $2,172, followed by $2,157.
Trade active:
It has broken through 95 and hopes to reach 2200 when the market closes.