Domineeringdeal

It fell sharply on Friday and broke down, and returned to the hi

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar

On Friday, gold went all the way down, hit a high point around 2040, and then began to fall, once fell around 1990, the decline was fast, large, and fast. Zhou K closed a long upper shadow line, and daily K was a big Level Yinxian, after this back and forth trend of fighting between long and short, the price of gold has returned to the price around 2000, and the long and short sides are fighting for around 2000. There is no victory or defeat in the first stage yet. But from the price point of view, the bulls in the gold price have a slight advantage. Whether this advantage will be reversed next week is temporarily unknown!

This week, our main transaction is to go long on dips; in the process of doing long on Friday, we also encountered a stop loss. But there's nothing wrong with that. This kind of stop loss during the weekly K closing time period is also inevitable in trading and analysis. Adjust yourself to meet the future. Opening next week, everything is back to the far point.

In the technical trend chart:

1: In weekly K, the stochastic index passivated the top divergence, and the support level for the top-bottom conversion is only the range of 1960-1935, which is the buying support range of the second rising point. Although the stochastic indicator shows a divergence from the top, it has not fully expanded. Therefore, it is not suitable to think that the top has appeared strongly for the time being. The pressure position is mainly the previous high point pressure position of 2070 above.

2: Among the daily K, the stochastic indicator is a continuous top divergence, but the price does not fall against the top divergence at a strong level, passivating the dead cross, and the price drops, which does not mean that the trend is reversed. The overall shape of BOLL is still bullish. The dead cross and top divergence of the stochastic indicator are not fully presented.

The support position of the middle track is around 1975; this is the watershed position for bulls, as long as it is above this 1970, it is a trend dominated by bulls.

3: In the 4-hour trend chart, BOLL is temporarily pulled away, and the price of gold returns to the range again. The lower track is around 1980, the middle track is 2015, and the upper track is 2040. Therefore, in 4 hours, next week's minutes A good range will do. The first is the interval of 1980/75-2015, followed by the interval of 2015-2045.

To sum up: first do a 4-hour interval next week; if you can’t locate the trend in the 4-hour interval, you will deal with the disk again later, and then you need to follow up again! At the end of Qiu, I think, don't worry about the trend behind, first see if the 4-hour range can be positioned and formed, if not, follow up later. No matter what the trend is, there is enough time and space for us to trade! Our transactions are not completed in a day, but accumulated over many years.
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