Gold under pressure, increased volume, rebounded to 2613 on Tuesday, continued short selling

2024-12-31 2632

Spot gold is under pressure and increasing volume. Yesterday, gold continued to fall at 2628, with a weak Asian market and confirmed rebound pressure in the European market. The US market broke through and weakened. It is very rare for the market to give so many opportunities. The early week gold decline continued to give everyone opportunities. If you enter the market and continue to trade short according to the opening price theory, it will definitely be very good. The next opportunity is to trade according to the weekly review layout, and you can also get $20.

On Tuesday, gold continued to show weakness, with a continuous increase in trading volume around 2613. The high point broke through and the reversal point was given to 2623. It is not easy to wait for a sustained increase in trading volume. Only by aggressively entering the market can there be a chance. Of course, it is also necessary to do short selling at a reasonable level. The slow decline is still at the same pace as yesterday. The market's Asian market layout is weak if it does not break through 2623, the European market continues to decline repeatedly, the US market repeatedly breaks down, and the bottom rebound confirms the pattern of going. Below, pay attention to the support level of 2580-70. Referring to yesterday's decline strength, today we can also see a downward space of around $35

The idea of falling as scheduled is relatively simple. If the market rises in the Asian session, stabilizes in the horizontal session and gains momentum above the opening price, and breaks through in the European session, we should not cling to short positions. The weekend idea is clear: short-term trading should revolve around the pattern of short-term trading. Above 2623 is the key pressure for the day, and there will be more opportunities for momentum after recovery. Therefore, we should choose to give up short positions and wait and see in the short term, or use our opening strategy to retreat and buy.

The intraday pressure on gold is 2613, with continuous increase in volume, and the point cannot be given so realistically.

The key pressure point is set at 2623, and a breakthrough will enter the selection process

If the market falls below the visible level of 2580-70, there will be support and no major drop.

Trading experience:

Maintain rationality, follow trading plans, and avoid blindly following trends or emotional trading.

Disclaimer: The above analysis only represents personal opinions. Based on this, the profit and loss are at your own risk. Investment is risky, and caution is required when entering the market

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