Will gold make a sharp correction on 2.21?

anteontem

Technical analysis of gold: The daily level of gold continues to show a cross K-line pattern, the price fluctuation range is further narrowed, and the market lacks short-term upward momentum. After rising with inertia, the market turned back to a volatile trend again. Yesterday, the gold price reached a high of 2954.50, and then encountered strong pressure, and then fell back to a low of 2924.50. The price stabilized and closed flat in the late trading period. The overall trend was very similar to the previous day, showing the characteristics of a small surge after the momentum is difficult to sustain. The current market maintains a high-level shock and contraction pattern. Today coincides with the closing day of the weekly line. During the Asian session, the gold price lacks the momentum to further break through the previous high. From a short-term perspective, the market is likely to continue to fluctuate at a high level, or continue to maintain a volatile and saw-saw trend of highs and falls.

In early trading in Asia today, gold suddenly plunged more than 20 US dollars in the 2950 area, and then rebounded quickly, highlighting the intensity of the game between the long and short parties. At present, the support strength of the 2925-2920 range below is significant. Once this support level is effectively broken, the bears will take the initiative in the market. However, if gold prices are to achieve a sharp decline, they need to successfully overcome the support of the 2915 area where the 10-day moving average is located.

Since the current market started to rise from 2580, the price has been rising steadily along the 10-day moving average. Therefore, only by falling below the 10-day moving average can the short sellers fully control the market rhythm and then test the 2900-2880 range downwards (this range is the key watershed for the mid-term trend). Before the 10-day moving average has not fallen below, gold prices will still repeatedly try to rise higher. On the whole during the day, there is strong suppression in the 2950-2955 range. You can consider bearish rallies. At the same time, you need to focus on the short-term pressure in the 2940-2942 area. If the gold price breaks through a new high again, there is a high probability that it will still show a rising and falling trend. At this time, we should pay close attention to the suppressive effect of the 2965 area and the 2980 area. As for the 3,000 mark, there are no conditions for a breakthrough this week. Judging from the current situation, the possibility of a sharp rise in gold prices today is low.

Taken together, today's short-term operation of gold, our team of professional senior gold analysts recommends shorting the rebound at high levels, supplemented by longs at low levels. The top short-term focus will be on the 2940-2945 first-line resistance, and the bottom short-term focus will be on the 2910-2905 first-line support. The short-term focus on the upper resistance of 2940-2945 and the short-term focus on the lower support of 2910-2905.

Gold operation strategy:
1. Short sell gold at the rebound of 2940-2945, stop loss 2952, ​​target 2930 2920, continue to hold if broken

2. Go long at the 2905-2910 line when gold falls back, stop loss 2898, target 2937-2940 line, and look at the 2955-60 line if it breaks;

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Analysis of gold market trends next Monday:

Gold technical analysis: Gold will usher in a critical moment next week. Who is better in gold, long and short, will be revealed next week. We must remember that next week’s operations need to be flexible. The long and short will compete. Don’t let yourself get stuck in it at key points. You must know how to get out in time and respond to the risk of sudden changes in the market at any time. Gold bottomed out near 2921 in the second half of Friday and then rose again. The gold daily line closed at a high cross star. The gold daily line closed at a high cross star pattern for three consecutive days. So is gold a change of market decline or a refueling rise in the air? The answer will be next week.


The gold weekly line is still strong for bulls. Looking at the weekly line alone, there will be a high point next week, but the closing monthly line will also prevent a rebound from the high. In addition, it has closed positive for 8 consecutive weeks to prevent the ninth week from changing its line, but the trend of silver tends to fall back. The weekly support is near 2908, and the strong support is near 2883. If the market wants to have a decent correction, it must effectively break this week's low of 2877. The weekly resistance is near this week's high of 2954. If it breaks above, we will look at $20, and the strong resistance is near 3000. . Looking at the daily line yesterday, it fluctuated back and forth to wash the market, and closed again with a high cross star. Combining the daily lines of silver and gold, the tendency is still to fall back. It is also said above that the weekly line is not bearish, so it is not ruled out that it will continue to fluctuate at high levels and choose a direction until the end of the month or next month.

​ From the 4-hour chart, after gold has been adjusted, the Bollinger Bands have temporarily closed, and suppression has formed above, and the upward space is limited. However, the price has not fallen below the middle track support of the Bollinger Bands, and is still running in a strong range, with support below $2915 and resistance above $2955. Gold fluctuates at a high level. For gold 1 hour, gold is still fluctuating in a large range. The strength of next Monday is also an important key point for gold long and short choices. If gold continues to break upward steadily next Monday, then gold is now showing the form of refueling in the air. If it goes down, gold may be the beginning of a change. The key to gold next week is still at 2955. If gold does not break through 2955 next week, then we can still go short at a high level first. Gold will first look at the large range oscillation between 2920-2955, and then choose a direction. On the whole, our professional and senior gold analyst team recommends that the short-term operation of gold next Monday should be mainly long on pullbacks, supplemented by short on rebounds. The short-term focus on the upper side is the 2950-2954 line of resistance, and the short-term focus on the lower side is the 2918-2916 line of support.

Gold operation strategy reference for next Monday:
Long order strategy:
Strategy 1: Go long (buy up) when gold pulls back to around 2916-2920, stop loss 8 points, target around 2930-2940, break to see the 2950 line;

Short order strategy:
Strategy 2: Go short (buy down) when gold rebounds to around 2955-2960, stop loss 5 points, target around 2940-2930, break to see the 2920 line;

há 18 horas

Trade fechado: objetivo atingido

In terms of indicators, the weekly RSI is close to the overbought area of ​​80, and the daily RSI has fallen from a high level to around 60. In the short term, we need to pay attention to whether a top divergence signal is formed. The red column of the daily MACD is shrinking, and the fast and slow lines are glued at a high level, indicating that the momentum is weakening, but the weekly level still maintains upward diffusion, and the medium- and long-term bulls are dominant?. After breaking through $2,900, the gold price has formed an accelerated upward channel, but the current price is close to the upper track of the channel (US$2,955-2,960), and it faces technical resistance in the short term. The callback target points to the US$2,900-2,880 area?.

In the 4-hour chart, the overall market is running a bullish trend with a low point rising and a new high high. At present, after repeated high-level shocks, the Bollinger Bands continue to close. The upper track is currently around 2,950, and the lower track is around 2,923. The short-term moving average is intertwined near the middle track. The short-term trend tends to fluctuate. Wait for the Bollinger Bands to reopen before choosing to follow the trend.

At the 1-hour level, gold is oscillating in a large range. The strength of gold on Monday next week is the key to choosing between long and short positions. If gold continues to break upward steadily on Monday next week, then gold is now showing the form of refueling in the air. If it goes down, gold may be the beginning of a change. The key position of gold next week is still 2955. If gold does not break through 2955 next week, then we can still sell short at a high position first. Gold will first see a large range of fluctuations between 2916-2955, and then choose a direction.