Yuliya10

The situation in the Middle East is not optimistic and gold fluc

Short
Yuliya10 Updated   
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar


The situation in the Middle East is tense, and the US aircraft carrier has been hit again. If these series of problems deepen, then the international situation is really worrying. Why does this happen? It is nothing more than inflation.

If the economic development and the regime cannot be well developed, then the best way to eliminate the contradiction is war. If the war was far away from us before, it was because the economy was growing rapidly. Once it stagnated, many contradictions emerged and the risk of war became greater and greater. There is no doubt about this. War is the most effective way to transfer contradictions and eliminate bubbles.

Good morning, you in front of the screen are looking forward to a better future, but it seems that everything is reflected now. Now is the best time, and so is life. Every day is the youngest self, and every day in the future will be the same.

In terms of gold, it rose and fell on Friday, closed with a big negative, and the market strolled around and continued to close at the previous low of 2325. This extremely negative closing pattern is destined to have room for decline.

But if you put it on the weekly line, it will narrow the room for decline.

1. Since the rise, the strong rhythm has corrected the maximum two negative lines, and the weekly line has continuous negative lines, and the rhythm has not been broken. If this week continues to turn positive, no matter how big the positive line is, it will close above 2327, which means bottoming out and rebounding.

2. From the daily rhythm, there is still room for decline, but I don’t want to change this pattern, that is, bottoming out and rebounding.

But the market has reached this point, which is obviously a correction, and it is not over yet.

If we look at the whole wave adjustment, we need to pay attention to two positions:

1. 2302 to the integer mark.

2. 382 position and the previous low position 2270-80 range.

In the shock retracement, 2300 will have support, but if it breaks the 2300 mark, it will be weak. The probability of breaking the previous low is relatively high, but this kind of decline should not be considered as a short position. In the later period, it is still bullish, just waiting for a correction point.

Therefore, the focus of this week is still on bottoming out. If the weekly line goes in a cycle, it depends on bottoming out and rebounding.

On Friday, the market opened flat in the morning with little fluctuation.

Usually in this pattern, we must look at the continued decline pattern, and at the same time, the operation position depends on three points:

1. The continued decline position is 2336-7.

2. The 382 position is also at 2336.

3. The top of the hourly big negative line, 2334.

But the rebound in the morning was slightly different, and it continued to return to the low point and sideways.

Another point is to look at the extremely weak decline. If it is an extremely weak decline, the price cannot reach the right place, and it depends on time. The European session directly broke the bottom and the pullback did not appear. This is extremely weak.

It means using the time principle to bet on the decline of the European session.

2326-7 line short must look at the decline of the European session, the target is 2311-13, the European session falls, and the next target is 2303-5 line.

You must remember that to go short is to watch the European market fall. If the European market continues to return to 2330, it must be a shock, retracement to short, and the upper resistance line 2337-36 is empty.


Trade active:
Gold is down and that fits my analysis
Trade active:
Take advantage of the trend and continue to be bearish.
Trade active:
The rebound is still empty
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