K-linesound

Gold reaches a key trading position

Short
K-linesound Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The Fed's interest rate decision has been settled, and the previous record of ten consecutive interest rate hikes has been stopped. The key point is that the Fed expects to raise interest rates by 50 basis points this year. Therefore, gold is still out of the decline, including the market is still digesting interest rates. The impact of the announcement of the resolution. After the digestion of the market in the first three days of this week, the shape of each cycle has also changed. The daily line has formed three consecutive negatives in the shocks and declines of the first three days, and the top has moved down to 1970. Bollinger may open with a temporary slow decline. Therefore, the daily cycle may fall and crash at any time, and the key point is still at 1932. Once again, if it falls below 1932, the long-short trend of gold will change, and a unilateral plunge will be formed at that time. You can pay attention to 1910 below. 1860, 1810.
The H4 cycle is more obvious. After rushing up to 1960 on Wednesday, it was weak and just suppressed below the 60-day moving average. After falling at midnight, Bollinger has opened his mouth for the time being. Every moving average forms a suppression and diverges downward. Breaking through 1932, there is no doubt that the weak short position is undoubtedly, and the bottom cannot be guessed below. It needs to be shorted for a period of time, and then wait for H4 to close and form a shock. Therefore, on the whole, gold may form a short trend today. If it falls below 1932, it can get out of the room for a sharp drop. Under this weakness, try to be short-selling. In the performance of the small cycle, it should be noted that although it is weak, it cannot be chased short. After all, the low point has not been refreshed for the time being, and 1932 has not broken, so there is still room for a rebound to support the test. The upper suppression point is 1940, 1945, and it needs to be shorted in combination with the intraday pattern.

6.15 Gold strategy: Before 1932 breaks, you can rely on the vicinity of 1932 to go long, stop loss 5 points, target 1940-1945
Rebound to 1940-1945 and short in batches, stop loss at 1951, target 1932-1930 to break the position and hold, after breaking the 1932 trend support point, there may be a sharp drop in the unilateral market, then we need to pay attention to whether the support below 1910-1900 is stable Reconsider whether to participate more
(For reference only, specific real offer analysis shall prevail)
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Gold will continue to fall Gone for good in the short term, are friends grabbing profits?
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