The international gold price fluctuated slightly and rose slightly on Monday, while the U.S. index remained stable above the 105 mark. Market focus this week will be on the Federal Reserve, with the Federal Open Market Committee meeting on Tuesday.
Last week, spot gold successfully held on to the 1900 mark, and after the daily line closed with a cross star, a big positive line rose, successfully breaking through the Bollinger Middle Track, indicating that a large number of buying orders began to enter the market, and a reversal signal was shown at the low level. The short-term bulls have reversed the weak situation and successfully closed above the 1920 mark. The MA5-MA10 moving average has also begun to turn upward. If the bulls successfully break through the 1930 mark, it will continue to rise. What needs to be noted is that the weekly trend is in the peaking and falling stage, and the overall situation is still volatile and downward. Bulls may not necessarily be able to break through 1930. This position is the top of the recent shock in the 1915-1930 range, and there is a lot of short pressure. But it should be strong in the short term. Since gold has bottomed out, it means that gold will further rise in the future. You need to pay attention to 1952 above. You still have to be careful about the risk of falling back here. If you can successfully break through this pressure level, then The upper space has been opened, so once the price breaks through 1952 as the main resistance, it means that bulls will have unimpeded access in the future. Gold has stopped falling and has turned bullish, so this week gold is mainly on a correction low and long. Today we focus on the vicinity of 1930. If the 1930 position is successfully broken, it will continue to see the 1935 position.
Gold operating strategy:
BUY:1920-1923
SL:1916
TP1:1926
TP2:1930
Last week, spot gold successfully held on to the 1900 mark, and after the daily line closed with a cross star, a big positive line rose, successfully breaking through the Bollinger Middle Track, indicating that a large number of buying orders began to enter the market, and a reversal signal was shown at the low level. The short-term bulls have reversed the weak situation and successfully closed above the 1920 mark. The MA5-MA10 moving average has also begun to turn upward. If the bulls successfully break through the 1930 mark, it will continue to rise. What needs to be noted is that the weekly trend is in the peaking and falling stage, and the overall situation is still volatile and downward. Bulls may not necessarily be able to break through 1930. This position is the top of the recent shock in the 1915-1930 range, and there is a lot of short pressure. But it should be strong in the short term. Since gold has bottomed out, it means that gold will further rise in the future. You need to pay attention to 1952 above. You still have to be careful about the risk of falling back here. If you can successfully break through this pressure level, then The upper space has been opened, so once the price breaks through 1952 as the main resistance, it means that bulls will have unimpeded access in the future. Gold has stopped falling and has turned bullish, so this week gold is mainly on a correction low and long. Today we focus on the vicinity of 1930. If the 1930 position is successfully broken, it will continue to see the 1935 position.
Gold operating strategy:
BUY:1920-1923
SL:1916
TP1:1926
TP2:1930
Сделка активна:
Profit from short selling
Сделка активна:
Сделка активна:
The trend of gold peaking in the short term is becoming more and more obvious, and the high point continues to move downward, so today's operations are mainly short selling at high levels.
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