Gold will continue to rise sharply-target: 2750-2780
Updated
Gold will continue to rise sharply-target: 2750-2780
1: The starting price of this rising trend: around 2600
Reason: The Asian market led by China is long gold---(volume)
Cycle: The first large-scale purchase of gold in 6 months----(time)
2: The top price of this rising trend: around 2720
Reason: From 2600-2720, the Asian market led by China has been buying, so we know that China is the main force driving the rise this time, and their average price is: (2600+2720)/2=2660-----(volume)
Cycle: From Monday this week to Wednesday this week-----(time)
3: A sharp retracement began on Thursday to: around 2675-2685
Reason: It is impossible to actively go long in the Asian market all the time, because for retail investors who go long, the purchase of the Asian market promotes the appreciation of gold, and China plays the role of a philanthropist for the bulls. And retail investors who make money from this wave of rise will definitely make a profit and run away.
This is tantamount to them sucking China's blood, so the Asian market will definitely reduce its positions in advance
, because their average price is around 2660, and they are profit-taking positions.
4: However, buying gold in units of countries cannot be a child's play, this will be a long-term holding event
So the short-term gold price cannot fall below the 2660-2670 range
Because: If it falls below 2660, the bull market driven by the Asian market will be overturned, and the long gold trading countries, mainly China, will definitely suffer a blood loss
They will not let this happen.
5: So for us
We only need to keep buying gold at a low price during this period to be invincible
Their average price is our stop loss
SL: 2655-2660
The above is all my theoretical analysis
I will continue to pay attention to the changes brought about by the entire market and use the most advanced mirror trading method to sort out the precise shock range.
1: The starting price of this rising trend: around 2600
Reason: The Asian market led by China is long gold---(volume)
Cycle: The first large-scale purchase of gold in 6 months----(time)
2: The top price of this rising trend: around 2720
Reason: From 2600-2720, the Asian market led by China has been buying, so we know that China is the main force driving the rise this time, and their average price is: (2600+2720)/2=2660-----(volume)
Cycle: From Monday this week to Wednesday this week-----(time)
3: A sharp retracement began on Thursday to: around 2675-2685
Reason: It is impossible to actively go long in the Asian market all the time, because for retail investors who go long, the purchase of the Asian market promotes the appreciation of gold, and China plays the role of a philanthropist for the bulls. And retail investors who make money from this wave of rise will definitely make a profit and run away.
This is tantamount to them sucking China's blood, so the Asian market will definitely reduce its positions in advance
, because their average price is around 2660, and they are profit-taking positions.
4: However, buying gold in units of countries cannot be a child's play, this will be a long-term holding event
So the short-term gold price cannot fall below the 2660-2670 range
Because: If it falls below 2660, the bull market driven by the Asian market will be overturned, and the long gold trading countries, mainly China, will definitely suffer a blood loss
They will not let this happen.
5: So for us
We only need to keep buying gold at a low price during this period to be invincible
Their average price is our stop loss
SL: 2655-2660
The above is all my theoretical analysis
I will continue to pay attention to the changes brought about by the entire market and use the most advanced mirror trading method to sort out the precise shock range.
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