Gold market analysis strategy
📳Gold market analysis strategy
♦️Market overview:
Gold's current short momentum remains strong, with prices showing a downward trend in multiple time periods. Although the market has the risk of a short-term rebound, the overall trend has not changed significantly, and shorts still need to be the dominant direction. The current golden hourly line is showing a downward trend. If a dead cross is formed, the downside space for gold may further expand.🔴
♦️Technical analysis:
Hourly trend:
Gold's hourly moving average is currently turning downward. If a dead cross is formed, it means that the downward trend will accelerate in the short term. In the short term, the room for rebound is expected to be limited, and it is suitable to wait patiently for the rebound to the key area before placing a short order.🔴
♦️4-hour trend:
The 4-hour chart of gold shows that the current upper suppression range is at the 2644-2648 line. If gold rebounds to this area and does not break through, it may encounter pressure again and fall back.🔴
♦️Support level:
The current support level below is at the 2600-2605 line. If the price of gold breaks through this support level, it is likely to accelerate its downward trend and target further lower support areas.🔴
♦️Operation strategy:
Short selling strategy:
The current operating strategy is mainly based on rebound short selling. According to technical analysis, gold may once again encounter strong selling pressure in the 2644-2648 range, so short orders can be placed in this area. Be highly alert when rebounding into this area and prepare to enter the market.🔴
♦️Specific operation suggestions:
Entry position: Wait for gold to rebound to the 2644-2648 line. This area is a key suppression area in the short term. Once gold approaches this area and does not break through, you can consider selling.
Stop loss position: It is recommended that the stop loss be set near 2651 to avoid large losses when the price unexpectedly breaks through this suppression range.🔴
♦️Target position: It is recommended to set the target position at the 2612-2615 line. This area is a potential support zone in the current downtrend. Once the price approaches this range, consider taking some profits to see if the decline continues.🔴
♦️Risk control:
The gold market is highly volatile, so you must strictly abide by the stop-loss strategy when operating. If the price exceeds 2651, you need to stop losses decisively to avoid excessive losses.🔴
✅✅Wait for confirmation signal:
When making a short order layout, do not follow up on orders. Wait patiently for the price to rebound to the key point before confirming. For confirmation of the downward trend, you need to pay close attention to the trend of the hourly and 4-hour charts. If the downward trend continues, you can consider continuing to hold short orders until there is a clear reversal signal in the market.
✅✅Risk reminder:
Risk of bargain hunting: The current gold market is still in a downward stage, and it is not recommended to blindly bargain dip without an obvious reversal signal. If the trend has not changed, the rebound can only be regarded as an opportunity for short orders. Do not blindly chase the rise and kill the fall.
Market volatility: The gold market is highly volatile, especially during geopolitical risks or the release of major economic data, the market may fluctuate violently. Please keep an eye on changes in global economic data and market sentiment, and flexibly adjust your operating strategies.💯💯💲
♦️Market overview:
Gold's current short momentum remains strong, with prices showing a downward trend in multiple time periods. Although the market has the risk of a short-term rebound, the overall trend has not changed significantly, and shorts still need to be the dominant direction. The current golden hourly line is showing a downward trend. If a dead cross is formed, the downside space for gold may further expand.🔴
♦️Technical analysis:
Hourly trend:
Gold's hourly moving average is currently turning downward. If a dead cross is formed, it means that the downward trend will accelerate in the short term. In the short term, the room for rebound is expected to be limited, and it is suitable to wait patiently for the rebound to the key area before placing a short order.🔴
♦️4-hour trend:
The 4-hour chart of gold shows that the current upper suppression range is at the 2644-2648 line. If gold rebounds to this area and does not break through, it may encounter pressure again and fall back.🔴
♦️Support level:
The current support level below is at the 2600-2605 line. If the price of gold breaks through this support level, it is likely to accelerate its downward trend and target further lower support areas.🔴
♦️Operation strategy:
Short selling strategy:
The current operating strategy is mainly based on rebound short selling. According to technical analysis, gold may once again encounter strong selling pressure in the 2644-2648 range, so short orders can be placed in this area. Be highly alert when rebounding into this area and prepare to enter the market.🔴
♦️Specific operation suggestions:
Entry position: Wait for gold to rebound to the 2644-2648 line. This area is a key suppression area in the short term. Once gold approaches this area and does not break through, you can consider selling.
Stop loss position: It is recommended that the stop loss be set near 2651 to avoid large losses when the price unexpectedly breaks through this suppression range.🔴
♦️Target position: It is recommended to set the target position at the 2612-2615 line. This area is a potential support zone in the current downtrend. Once the price approaches this range, consider taking some profits to see if the decline continues.🔴
♦️Risk control:
The gold market is highly volatile, so you must strictly abide by the stop-loss strategy when operating. If the price exceeds 2651, you need to stop losses decisively to avoid excessive losses.🔴
✅✅Wait for confirmation signal:
When making a short order layout, do not follow up on orders. Wait patiently for the price to rebound to the key point before confirming. For confirmation of the downward trend, you need to pay close attention to the trend of the hourly and 4-hour charts. If the downward trend continues, you can consider continuing to hold short orders until there is a clear reversal signal in the market.
✅✅Risk reminder:
Risk of bargain hunting: The current gold market is still in a downward stage, and it is not recommended to blindly bargain dip without an obvious reversal signal. If the trend has not changed, the rebound can only be regarded as an opportunity for short orders. Do not blindly chase the rise and kill the fall.
Market volatility: The gold market is highly volatile, especially during geopolitical risks or the release of major economic data, the market may fluctuate violently. Please keep an eye on changes in global economic data and market sentiment, and flexibly adjust your operating strategies.💯💯💲
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.