Short sell gold first, pay attention to gains and losses near 2850 below
On Friday, the market fell and rebounded, with prices stabilizing at the 2832 level. The upward recovery of the market was completely within the forecast. In Friday's trading, the 63/65 bearish position took profits, and the 2835 bearish position was chosen to enter the market with a backhand bullish position, taking advantage of the high position to gain profits. The price did not close down in the late trading session, and there was a bottoming out and upward trend on the daily chart. In the early trading of the week, you can choose to refer to Friday's high point to see weakness again.
At the beginning of the week, the reference pressure for trading was 2880. The key gain and loss point for price decline was 2850. If the price falls below 2850 within the day and closes below 2850, the bearish trend can continue. 2832 below is not the bottom of this adjustment. On the contrary, if the price breaks through 2880 at a high level horizontally, the daily closing above 2880, the strong market will reach 2900. Even if there is a correction or decline in the market later, it will be a stable and strong correction.
At the beginning of the week, gold was shorted in the short term, with a focus on gains and losses around 2850 below.
Trading experience:
Maintain rationality, follow trading plans, and avoid blindly following trends or emotional trading.
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