Gold, look for a breakout today
Updated
Gold, yesterday is to go bottoming out, the daily line continues to be a small cross, and the morning price to 1960 a line, or more resistant to fall.
There is nothing to emphasize in yesterday's technical points, but there is a point:
1, intraday rally up, test the previous pressure level, and the U.S. market before and after the time correction, if it is to see the breakthrough. Is a BUY time node, but the result is still shock.
2, after the bottom of the breakthrough can not SELL, on the one hand, because the recent market is indeed resistant to fall, on the other hand, the streak is not, and still look at the correction, the decline is the correction, yesterday is also the case, single negative correction, behind or rebound up.
And for today, the price keeps testing the pre-1960 line, continue to return to the highs, and again the Asian markets rise, according to the rhythm of the current, bottoming out, keep testing the top, is certainly to see through the resistance.
And the price has been resisting the decline, then here wait and see the best.
Asian market correction position in the vicinity of 1954, and the current price has been positive, then the European disk is still key.
On the one hand, the cross bottoming correction, if the game breakthrough, a point in time, a price position.
Asia rose, the European disk if the breakthrough of the previous high store, the U.S. disk may be a continuation.
And if there is no continuation, then it may be a shock market.
So today we look for a breakout.
There are two points to note here:
1, if the retracement is not very large, then the possibility of continuation will increase.
2, if the retracement is relatively large, then it may continue to return to the range oscillation.
Intraday European retracement can go to try low BUY once.
Concerned about 1954.5-57.5, stop loss 50, target 1957, 1973-5
There is nothing to emphasize in yesterday's technical points, but there is a point:
1, intraday rally up, test the previous pressure level, and the U.S. market before and after the time correction, if it is to see the breakthrough. Is a BUY time node, but the result is still shock.
2, after the bottom of the breakthrough can not SELL, on the one hand, because the recent market is indeed resistant to fall, on the other hand, the streak is not, and still look at the correction, the decline is the correction, yesterday is also the case, single negative correction, behind or rebound up.
And for today, the price keeps testing the pre-1960 line, continue to return to the highs, and again the Asian markets rise, according to the rhythm of the current, bottoming out, keep testing the top, is certainly to see through the resistance.
And the price has been resisting the decline, then here wait and see the best.
Asian market correction position in the vicinity of 1954, and the current price has been positive, then the European disk is still key.
On the one hand, the cross bottoming correction, if the game breakthrough, a point in time, a price position.
Asia rose, the European disk if the breakthrough of the previous high store, the U.S. disk may be a continuation.
And if there is no continuation, then it may be a shock market.
So today we look for a breakout.
There are two points to note here:
1, if the retracement is not very large, then the possibility of continuation will increase.
2, if the retracement is relatively large, then it may continue to return to the range oscillation.
Intraday European retracement can go to try low BUY once.
Concerned about 1954.5-57.5, stop loss 50, target 1957, 1973-5
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