Gold Spot / U.S. DollarUpdated 2.7 Gold analysis: Pay attention to the support near 2850
2.7 Gold analysis: Pay attention to the support near 2850
Yesterday, gold fluctuated violently, showing a roller coaster market, reaching a high of 2873 before falling back, and bottoming out at 2834 for the second time in the evening, and then rebounded quickly to close.
The daily line showed a slight downward trend after the consecutive positives, indicating that the bulls turned to high-level fluctuations after the volume increased. Although it seems weak in the short term, it is expected to continue to rise after the correction.
4H cycle analysis:
Gold rebounded quickly after stepping back on the Bollinger middle track, showing the characteristics of a strong market correction.
Due to the deep decline, it may maintain a high-level shock correction in the short term, and the overall idea is to fluctuate more.
The lower support is at 2854 and 2842. If it stabilizes at 2870, it is not ruled out that it will continue to hit new highs.
Operation suggestions:
Go long near 2854, stop loss 2846, target 2870, 2882.
It is necessary to pay close attention to tonight's non-agricultural data. The data may cause large fluctuations. If there are changes during the session, the strategy needs to be adjusted in time.
Summary:
Gold: Short-term volatility is more likely, pay attention to the support of 2854 and 2842, and after stabilization, it can be seen to 2870 and 2882.
Risk warning: Non-agricultural data may cause drastic market fluctuations. Be cautious when operating and set stop losses strictly.
Yesterday, gold fluctuated violently, showing a roller coaster market, reaching a high of 2873 before falling back, and bottoming out at 2834 for the second time in the evening, and then rebounded quickly to close.
The daily line showed a slight downward trend after the consecutive positives, indicating that the bulls turned to high-level fluctuations after the volume increased. Although it seems weak in the short term, it is expected to continue to rise after the correction.
4H cycle analysis:
Gold rebounded quickly after stepping back on the Bollinger middle track, showing the characteristics of a strong market correction.
Due to the deep decline, it may maintain a high-level shock correction in the short term, and the overall idea is to fluctuate more.
The lower support is at 2854 and 2842. If it stabilizes at 2870, it is not ruled out that it will continue to hit new highs.
Operation suggestions:
Go long near 2854, stop loss 2846, target 2870, 2882.
It is necessary to pay close attention to tonight's non-agricultural data. The data may cause large fluctuations. If there are changes during the session, the strategy needs to be adjusted in time.
Summary:
Gold: Short-term volatility is more likely, pay attention to the support of 2854 and 2842, and after stabilization, it can be seen to 2870 and 2882.
Risk warning: Non-agricultural data may cause drastic market fluctuations. Be cautious when operating and set stop losses strictly.
Trade active
Trade closed: target reached
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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.
🚀FREE CRYPTO signals in Telegram:t.me/+YMfVDdutmcRlNDYx
2: Senior analysts, the best trading team。3: Full trend tracking, real-time verification of market analysis。
2: Senior analysts, the best trading team。3: Full trend tracking, real-time verification of market analysis。
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.