3.18 Gold trend long short debate, rhythm control is key
1、 Market Review
Yesterday's gold trend perfectly matched the early evaluation prediction:
Early trading session: The price fell under pressure at the 2994 suppression level in the 30 minute period, with a minimum of 2982 before rebounding and a maximum of 3001 before falling back to 2985
Operation record: Early session 2990 current price short order (stop loss 2995) perfectly reached 2982
At 3001 hours in the evening, the chart suppressed 2998 empty positions and was eliminated in batches of 2890-87.
Daily pattern: After a large bullish candlestick, the price closed at a cross bearish candlestick. Although the price fell, it did not break through the key support level of 2978. At the end of the day, it recovered from the 3000 mark, forming a bullish pattern with two bullish candles and one bearish candlestick.
2、 Technical analysis
Multi period resonance:
Daily level: Maintain bullish trend, key support 2978 not broken
Four hour level: 8 consecutive candlesticks alternate between positive and negative, forming a horizontal consolidation pattern, and completing indicator correction by exchanging time for space
30 minute level: Maintain a fluctuating upward channel
Key technical features:
Passivation of rising prices accompanied by intense market washing
Multi cycle rhythm transition (30 minute decline → hourly chart correction → 4-hour decline → daily level rise)
Early morning line changes have not been completed yet, continuing to close with bullish momentum showing bullish momentum
3、 Operation strategy
Multi head layout:
Admission range: 2988-2991
Defensive position: 2985
Target position: 3000-3007 (after breaking through, look up at 3015/3022/3032)
Short selling opportunity:
Breaking through 2982 and rebounding in the 93-95 region, there are empty positions in the layout
Waiting for a clear weak signal to appear on the hourly chart at an altitude above 3000
Risk statement
Pay attention to the magnitude of the Asian stock market pullback, excessive pullback will disrupt the passive upward structure
Strictly control the timing and price rhythm to avoid counter trend operations
4、 Special Reminder
Today's focus is on:
Can the price continue its high closing trend
Breakthrough direction after four hour level sorting
Key support/pressure level transition between offense and defense
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