Dear gold traders
Yesterday, we chose to leave the field near gold 2785, continued to watch the breakthrough strength near 2790, and finally gold twice explored and stopped near 2790.
We have also successfully predicted that gold may have a correction depth in the 2776-2780 range. Those who have followed me can check out my analysis in the last post.
Today's deal should be clearer
1: From the perspective of the big cycle, gold is still an upward trend and is still strong.
2: From the observation of the cycle at all levels of the hour line, the trend of gold began to weaken
Summary: The purpose of our current day trading can only be backed by the corresponding support, accurate operation, the current gold repeatedly broke new highs, for the future long cycle is indeed accompanied by huge opportunities, but the current day trading choice, we must clearly recognize the pressure and support brought by the various thresholds
3: Figure
Summary: The next few prices I marked are very critical
Downward analysis: We can look at the red line ABC trend, focusing on the zoning pressure around 2780 and 2778, and 2772-2770 below as a short-term target level
Upward analysis: We can look at the trend of the blue line 12345, and focus on the partition support near 2780-2781, and 2790 will be the first target level upward.
If, as a trader, you can also carefully split all my crossing paths, it must be the most accurate judgment on the current trend of gold. We can not predict the future perfectly, but we must understand the current market to make a reasonable trading plan for the future.
Next, I will continue to update our plans and accompany you to keep up with the trend of gold.