Gold Bulls Perfectly Turn Upward Trend, Next Wave Is Coming
After today's CPI data was released, spot gold rose to around 1971 in the short term. In yesterday's Monday article, I told everyone that the gold price change window was coming. As expected, gold rose sharply from around 1931 to around 1950 yesterday.
Today it continues to rise again under the influence of cpi, and it is currently near 1971.
I also informed everyone to buy gold near 1931 on Monday night.
At present, our orders have been stopped at 1970.
Looking at the daily line:
The current daily line is a five-wave downward trend. I completely agree with the general trend of gold being short.
At present, our buying of gold is only based on the upward trend of the fourth wave.
The bottom of a wave is between 1970 and 1980, so this four-wave rise cannot exceed 1980. If the entity exceeds 1980, it will be very difficult to see a sharp decline this week.
On the contrary, if it rises to 1970-1980 this time and then falls again, it may directly break through 1900 and never look back.
Therefore, when gold reaches 1970-1980, do not over-buy. This is almost the entry position for short orders.
On the contrary, we should use the top of 1980 as a defensive stop to go short. If nothing else happens, this will be a big wave of short profits.
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We will continue to observe the trend tomorrow. If you need to know more trading ideas and trading signals. Pay attention to the bottom area to get the trading signal immediately..
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Today’s focus is on the 1970-1985 resistance area. If it cannot break through, gold will most likely continue to fall..
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very perfect. I remind everyone to short gold. The current drop to 1963 also has good profits. Congratulations to everyone.
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At present, continue to observe the trend of gold to support around 1960
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Gold is currently down to 1955. Our second TP price has been reached. Congratulations to everyone.
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Today's market is destined to be a volatile trend. So I remind everyone that the order can be closed in 1955. So I started 2 new orders. Made some more money. If you want to get more trading ideas. You can pay attention to the bottom area and join to get more trading signals
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There will be unemployment data tomorrow.
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If you want to get more trading signals. You can join in by paying attention to the bottom area.Click the bottom area below to get my trading ideas as soon as possible every day..
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If you want to get more trading signals. You can join in by paying attention to the bottom area.Click the bottom area below to get my trading ideas as soon as possible every day
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If you want to get more trading signals. You can join in by paying attention to the bottom area.Click the bottom area below to get my trading ideas as soon as possible every day.
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New trading ideas have been updated today. You can view the latest trading ideas