Short-term gold peaks and continues to pull back, look at 2660
Gold, washing up, the daily line turned positive and broke the high, and continued to rise. But in terms of trend, it did not rise directly, but bottomed out and rebounded, and continued to wash out.
On the one hand, the price broke the low point of 2640 in the previous two days, and it was weak on the surface, but the European market rose strongly and returned to the opening of the morning. And the long orders were defended at this position price, and they had to be swept out.
On the other hand, if you look at the breakout and fall, yesterday's rebound empty basically fell into the pit.
Technical points:
1. It is not extremely strong, because it is bottoming out and rising, washing up. We expect it to be extremely strong, with a cycle in the morning, the European market rose vigorously, and the US market broke the high, but it bottomed out to the watershed in the morning.
2. The rising cycle at 10 o'clock in the morning has not been broken. It continued this morning.
3. The European market has a V-shaped reversal. If the European market reverses, the US market will be bullish.
And yesterday there was also a position to follow: the US market rose the day before, and just at 8 o'clock it retracted the increase of 618. The same was true for the US market yesterday, just at 8 o'clock it retracted the intraday increase of 618.
4. The US market did not rise directly, but pulled back and forth twice, up and down, and continued to attack and close, still testing the bulls, which is a shock wash, not extremely strong.
Intraday operation analysis:
1. The 10-point rising cycle rhythm still appeared in the Asian market.
2. The watershed 2658 line.
3. The more times the resistance level is tested during the rise, the weaker the resistance level. The higher the probability of breaking the high.
Continue to pay attention to two rhythms:,
The earlier the European market breaks through, the greater the probability of the US market breaking the high. The European market rises, pay attention to the cycle of these two days, the position and time point of the US market.
On the one hand, the price broke the low point of 2640 in the previous two days, and it was weak on the surface, but the European market rose strongly and returned to the opening of the morning. And the long orders were defended at this position price, and they had to be swept out.
On the other hand, if you look at the breakout and fall, yesterday's rebound empty basically fell into the pit.
Technical points:
1. It is not extremely strong, because it is bottoming out and rising, washing up. We expect it to be extremely strong, with a cycle in the morning, the European market rose vigorously, and the US market broke the high, but it bottomed out to the watershed in the morning.
2. The rising cycle at 10 o'clock in the morning has not been broken. It continued this morning.
3. The European market has a V-shaped reversal. If the European market reverses, the US market will be bullish.
And yesterday there was also a position to follow: the US market rose the day before, and just at 8 o'clock it retracted the increase of 618. The same was true for the US market yesterday, just at 8 o'clock it retracted the intraday increase of 618.
4. The US market did not rise directly, but pulled back and forth twice, up and down, and continued to attack and close, still testing the bulls, which is a shock wash, not extremely strong.
Intraday operation analysis:
1. The 10-point rising cycle rhythm still appeared in the Asian market.
2. The watershed 2658 line.
3. The more times the resistance level is tested during the rise, the weaker the resistance level. The higher the probability of breaking the high.
Continue to pay attention to two rhythms:,
The earlier the European market breaks through, the greater the probability of the US market breaking the high. The European market rises, pay attention to the cycle of these two days, the position and time point of the US market.
Note
In Brother Shang’s point of view, I have emphasized that gold has reached its peak and issued market entry signals to everyone. Brothers who understand and my members have already made a profit of 10K.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.