Market-King1

Gold Monday opening real-time operation strategy

Short
Market-King1 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
From the trend observation, the overall downward trend of gold has not changed at all. The weekly structure closed with a Zhongyang line with a long upper shadow line, with a maximum of 2222 and a minimum of 2146. After the sharp decline, the weak consolidation correction was due to the ambiguous remarks of Fed Powell. . Gold fell into a see-saw oscillation, forming a wide range of fluctuations throughout the week. From this point of view, the price rebounded in the middle of a downward trend, but did not break the downward trend.

Looking at the current disk of gold, the daily line structure continues to be negative. After the daily large negative decline, the small negative continues. It is a weak time-for-space correction method. The daily line falls into a narrow range and the K-line structure is bearish.


The rebound after a sharp price drop forms a sideways movement, which is not enough to form a bottom. We all know that a bottom does not rebound, and a rebound is not a bottom. Otherwise, it can only be a relay decline pattern, and the moving average system shows signs of turning around in the short term. But the price is obviously flying up and down. Based on history, there are only two situations for this horizontal direction. One is to break the balance with the help of a sharp increase in fundamentals, and the other is to trade time for the correction of the space indicator, and the price starts a new short position again. 4 hours into the small box range oscillation, the sideways time is slightly longer, next week we still have to wait for a breakthrough in the range to determine the short-term long and short continuation space, Bollinger Road is still tightly closed, there will not be much data next week, and the market will adjust.
Next week, you can pay attention to the breakout situation in the 2200-2145 range. The rebound cannot reach 2200. It is temporarily regarded as a downward breakout after a weak correction. In the short-term operation, first look at the range shock.

Operation idea at the beginning of next week: It is recommended to go short in the 2165-2168 area. For the second high altitude, you can participate near 2173 above, stop loss 2180, and look at 2155-2150 to break the position. If you look at 2145, you can backhand long.
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Waiting for gold to arrive at 2175
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At present, my team and I have entered the short position, waiting for gold to reach 2160TP
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