Gold Spot / U.S. DollarUpdated 2.11 Today's gold price analysis: Fluctuation range 2930--2900
2.11 Today's gold price analysis: Fluctuation range 2930--2900
Today's Asian session gold price rose rapidly at 2908 points, breaking through the historical high of 2942 in one fell swoop. In just 15 minutes, the market took a sharp turn for the worse, reaching a minimum of 2906 points, with a shocking fluctuation range.
The waterfall span is close to 40 points
Next is a great opportunity to short at intraday highs.
Before the opening of the US market, a 5-6 hour safety period is basically determined.
Below 2929, shorting with your eyes closed can make money.
Intraday strategy:
SELL: 2920-2925
SL: 2930
TP: 2910
TP: 2900
TP: 2880
Currently, the upper resistance level is mainly concentrated at 2930,
The lower support is stable at 2903-2896.
Then wait for the US market to open in 5 hours:
We continue to follow the market, and the mainstream strategy is to go long at low prices
Operation strategy:
Buy 1: 2900-2910 (high probability retracement range)
Buy 2: 2880-2890 (possible deep retracement range)
Profit: 2930 (first trend target)
Profit: 2950 (second trend high point)
I will still publish my strategy at the appropriate time below the article, thank you for your message
Today's Asian session gold price rose rapidly at 2908 points, breaking through the historical high of 2942 in one fell swoop. In just 15 minutes, the market took a sharp turn for the worse, reaching a minimum of 2906 points, with a shocking fluctuation range.
The waterfall span is close to 40 points
Next is a great opportunity to short at intraday highs.
Before the opening of the US market, a 5-6 hour safety period is basically determined.
Below 2929, shorting with your eyes closed can make money.
Intraday strategy:
SELL: 2920-2925
SL: 2930
TP: 2910
TP: 2900
TP: 2880
Currently, the upper resistance level is mainly concentrated at 2930,
The lower support is stable at 2903-2896.
Then wait for the US market to open in 5 hours:
We continue to follow the market, and the mainstream strategy is to go long at low prices
Operation strategy:
Buy 1: 2900-2910 (high probability retracement range)
Buy 2: 2880-2890 (possible deep retracement range)
Profit: 2930 (first trend target)
Profit: 2950 (second trend high point)
I will still publish my strategy at the appropriate time below the article, thank you for your message
Trade active
Trade closed: target reached
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Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.