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1.15 Gold's uptrend is coming to an end, and it continues to be short during the day.

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Out of the thorns, in front of you is a broad road covered with flowers; when you climb to the top of the mountain, you will see the green mountains at your feet. In this world, if one star falls, it cannot dim the starry sky; if one flower withers, it cannot make the entire spring barren.

Hello everyone, today XM Forex will bring you "[XM Group]: 1.15 gold uptrend closing style, rising during the day and continuing to be short.". Hope this helps you! The original content is as follows:

Your profits www.xmtraders.come from other people's losses. In other words, when someone makes a mistake, profits will appear in the market that can be earned, but you cannot calculate or predict how many people will make a mistake next, or how big of a mistake they will make, and you cannot guarantee that you will be on the right side every time. Then, the only thing you can do in trading is that when you make a mistake, try to make the mistake as short as possible. The rest is to wait for others to make mistakes and encourage each other.

Every time gold bottoms out and rebounds and breaks through highs, it is basically closely related to silver. This wave of silver dropped from 85 to around 70 and then to 93.6 last night, the volatility was close to 15 yuan. From the above chart, the short-term upward trend is good, but it is not good to increase the price too quickly. It's not far from the edge of the ascending channel. There are two trading days this week. We have to pay attention to the 95-95.5 area of the edge. The volatility in these days will see that it will be www.xmtraders.completed quickly, so pay attention to the profit taking of bulls. Once this happens, the downward trend of gold will be much greater than that of silver.

From the picture above, the price of gold, regardless of whether it can go to 5,000 or higher in the future, has formed a suppressed area in the short term. Every recent high break will cause a smash. Yesterday, the platform of 30 and the high of 35 were pulled to 41. In the evening, it broke the 200-day moving average for 5 minutes and went down to 4600. This is why after the break, it fell to 462.2 chased the short position to 4600 and closed the position. The second rebound 4621-22 continued to be short and saw a decline of more than ten dollars. It followed the rebound of silver in the late trading and still went online at 4643 in four hours to form a suppressive downward trend. It returned to around 4600 again in the early trading. The core of so many is that although the trend has not changed, the upward trend has been obviously blunted. The adjustment for gold after the second white drop is basically a sharp drop. Based on the upward trend in the above chart, my short-term personal opinion is whether it is the end of the market, or it is better to enter the market with stuck points and entry on the right side. The edge is 4672-87. Yesterday it broke high and went up to 6 yuan, but it broke only two yuan in the evening. With the hourly chart and 30-hour chart, according to the shock, the daytime high is around 4638. After passing After finding the three points of 52-65-72 above 43, the focus below is still 4600-4580-60, which is confirmed by falling below the periodic high point of the 60-day chart. Therefore, based on the above, the conclusion is as follows:

Pressure: 4638-52-65-72-87, support 4600-4580-7 0-60 (given more, if there is a big extreme market, you can read it to check)

In terms of operation: the intraday empty point 4638-40 area is empty, defend 45, after falling, wait for the 65-72 area to enter, defend 77, the lower 4585-84 can be added once, other points will be subject to real-time prompts.

Personal opinions for reference only.

The above content is about "[XM Group]: 1.15 gold uptrend closing pattern, pulling up during the day and continuing to be short." was carefully www.xmtraders.compiled and edited by the XM foreign exchange editor, I hope it will be helpful to your trading! Thanks for the support!

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1.15 Gold's uptrend is coming to an end, and it continues to be short during the day.

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Trusted by over 15 Million Traders

The Most Awarded Brokerfor a Reason

Easy Access to 1,400+ Global Assets

XM Forex Trading Platform

CATEGORIES

News

market news

1.15 Gold's uptrend is coming to an end, and it continues to be short during the day.

Related News

The Most Awarded Broker
for a Reason