If gold is high, don’t chase the bulls and continue to be short. สำหรับ FXOPEN:XAUUSD โดย Leo-trading-star

Gold has been going up and down like this in the past two days. The probability of gold directly breaking through and rising sharply is not very high, and the high position continues to be short.

Gold did not hit a new high in 4 hours. Gold still had a head-and-shoulders top structure in 4 hours. Gold rose to around 2197 yesterday as a risk aversion, which was lower than 2200 last time. It rebounded many times and failed to break through 2197. Gold rebounded to 2197 every time. The high position gives the opportunity to go short, and the rebound near 2193 can continue to go short first.

The market situation is changing rapidly. Sometimes, don’t underestimate the role of a few dollars. This is the key position. The trend will change if it does not break or if it breaks. This is the turning point. Since gold cannot break through, it is possible to form a top structure. Gold continues to be short today.

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At present, all the K-lines have reached record highs, and the Dayang line has soared into the sky. It has blown the roof off. It is obvious that it cannot hold on anymore. All technical indicators are pointing to the bulls. The K-line has remained above the moving average throughout the whole process, and the moving average is close to vertical. Above, too strong, the macd energy column is also above the zero axis

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The daily and weekly lines closed strongly higher, and the news stimulated further breakthroughs, making short-term bulls still strong. At least the technical side did not appear to rise and fall, and the bull structure has not changed. The boost from the news will expand the space. increase.

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Obviously the K-line cannot fall. Gold once reached around 2230, but the big positive line directly pulled up to above 2250. This is an obvious bullish pattern. Even if it falls back, the big positive line can still pull up. This is a super buying trend. , the K-line continues to see new historical highs

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Following the trend, the low and long positions are bullish. There is no suitable entry position in the Asian market, and the focus is on the European market. Below, focus on the morning low of 2302-2306 range, and other positions will be arranged accordingly.

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Today it has fallen back more than 20 points from 2353, but in the current trend, do not arbitrarily believe that there is a top. In trading, it is better to focus on lows and longs. Rely on the first wave high point of 2353 to participate in defense. It is not that you cannot go short in the recent market. Short selling can only rely on the previous high as a defense. Once the high is broken, just give up all short orders. Do not forcefully add short positions!

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