The gold price fell sharply yesterday, the lowest reached around 1854, but then began to rebound upward, forming a 5-minute central structure. At present, we think that the rebound has not yet finished rising at the 5-minute level, so we think that the gold price may need to further rise to around 1886. Therefore, we have established a long position in 1874, and the structure will inevitably have an opportunity to rise in 5 minutes After whether can continue to rise is to see whether the level of 5 minutes can quickly pull up.
Traders, my point of view is only suitable for day operation, because the cycle of my analysis is 5 minutes
Traders, my point of view is only suitable for day operation, because the cycle of my analysis is 5 minutes
Comment:
Obviously, the price has fallen below the 5-minute volatility range. Our opportunity has failed. At present, we have to close the position manually and wait for the opportunity.