Gold long-short conversion, breaking position becomes the key

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Yesterday's gold trend structure is relatively clear. U.S. stocks were trading at highs after a rally on Monday, but failed to extend gains. Instead, it stops high and takes pressure. Returning to near the opening price, the overall shock is mainly consolidated.


In the previous session, we followed the bulls directly at the opening stage of the morning session. After opening slightly higher, the retracement is relatively small, first look at the rebound, and then look at the decline. Therefore, after following the bulls, the overall fluctuations in the day are small, but the upward trend is expected. Hold positions until the European market achieves upward profitability, that is, around 1931, while the US market fails to continue the rebound upward trend. European markets retreated, while US markets came under pressure after holding high. The trend is relatively stable, failing to open up and down space.


In view of the short-term high pressure falling, low support rebound, and the range trend is getting smaller and smaller, short-term operation layout should pay attention to the following points:


At present, the price of gold stops at a low level and rebounds upwards. It rose slightly on Monday, opened high and moved high, failing to meet expectations. The key position of the upward trend has fallen back, but the strength is small, so the market outlook will focus on the continuation of the upward trend.


Gold bounced off Monday's lows this week despite a bearish trend structure. The rebound coincided with the previous high point and failed to break through, becoming a relatively key point in the short-term high-low range. The evening trend is similar, so in the short term, it is still in the shock consolidation stage.


The recent market trend is mostly oscillating, with frequent back and forth fluctuations. Long-short conversions are more frequent. The more conversions, the longer the cycle of market fluctuations. Therefore, in the long-short conversion stage, it is necessary to pay attention to timely adjustment of direction while following.


The day is still dominated by high pressure. If you can't effectively break the position, you will fall back at high altitude. That's it!


Gold trading strategy: short in 1932, stop loss in 1938, target 1922/18, break position and hold!


Support points: 1922, 1918, 1909

The trend is still floating within my analysis, hello traders, please continue to pay attention to my analysis, I wish you a happy life

Trade active:

The fall of gold is within my expectation. As for the point where it can fall, it depends on how much money you want to make, whether you want stability or excitement

Trade active:

Gold is perfectly profitable today