3.18 Gold Refreshes $3,000, Be Cautious About Backtesting Risks

Mar 17

In 4 hours, the main trend is continuous rising and breaking rising; the main trend is anti-falling; in terms of indicators, the stochastic indicator crosses downward, mainly empty, but the pattern is anti-falling. At the same time, the MACD double lines are glued together, without crosses. Therefore, the cross of the stochastic indicator is just a correction method for 4 hours to change time for space; the horizontal support position is at the support position of 2980 and 2955.

Short-term operation: SELL: 3000
TP1: 2990
TP2: 2980
TP3: 2970

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Mar 17

Trade active

The market has been very volatile recently, with opportunities and risks coexisting. Control the risks first, then make profits. In the end, I insist that profitability is the only standard of strength. I never make ambiguous analyses. I have my own trading style. Followers have never failed in the past year. Others have been on the bus for a long time, but you are still hesitating whether to cross the red light. Hesitation will lead to failure. Follow my pace and reap wealth.

Mar 17

Trade closed: target reached

Gold prices have risen sharply to $3,000/oz as expected. Now, we need to see whether gold prices will rise further to $3,050/oz and then fall back to $2,950-2,900/oz; or whether they will first correct to $2,950-2,900/oz and then rebound to $3,050-3,100/oz.

Mar 17

Note

The market is closed. Let's wait and see what happens to gold next.