Market-King1

4.8 Gold showed 5 waves and accelerated to catch up with the tre

Long
Market-King1 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold trend analysis

1. Moving average group: After the 1-hour short-term moving average group has experienced contraction-penetration-pullback, the current short-term moving average group and long-term moving average group are diverging upward again, forming a secondary reversal but not a reversal breakthrough. It shows that the downward trend of the short-term moving average group is unstable, or it is just a temporary change in the direction of the market rather than a real trend change. Subsequent reversal breakthroughs need to be reconfirmed based on the stable downward divergence of the long-term moving average group. For now, the above Treat as a trend!

2. Flag-shaped bullish pattern of the daily cycle: The overall market since 1984 can be regarded as a flag-shaped bullish pattern, that is, one period of upward movement (1984-2194) and consolidation (2194-2146). The current market is in the second period of upward movement. According to relevant theoretical deductions, it can be seen that the theoretical top of the second-stage upward trend is located near 2356, that is, the overall market is still in an upward trend, and the short-term trend is still low and long!

3. Disk signal: The 1-hour cycle is partially in the box oscillation of 2265-2303. The current situation records a big positive break above the 2303 line above 2300, and the box oscillation structure is damaged. According to relevant theoretical deductions, it can be seen that the amplitude of the upward movement after the box shock breaks out is the box shock amplitude, that is, the upward movement after this break is 38, that is, the theoretical top of the move is near 2341. In the future, we need to pay attention to whether a reversal can be formed above 2340. The pattern continues to move downwards. At present, the MA moving average of the 1-hour period crosses upward and points upward, and the market outlook can still continue to look upward; the KDJ of the 1-hour period and the 15-minute period crosses upward and points upward, and the short-term trend can also be upward, but the current KDJ of the 1-hour period is in an overbought state. , the market outlook needs to pay attention to how its overbought status is lifted. The 1-hour RSI did not reach a new high with the market, showing a top divergence. There is demand for a pullback in the market outlook. Wait until the market records a reversal pattern before placing a follow-up short order!
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