Gold surged higher and fell again, and short selling made profit
The recent gold market is surprisingly similar. It has surged higher and fallen again. The market has given us the opportunity we want, so we cannot fall behind! Gold shot up to 2214 and went short immediately. In the short term, it once again gained $8 to take profit and exit! At present, gold has turned into a strong stage, and it will be more stable to wait for a slight pullback to become bullish!
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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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Plan your trade, trade your plan, gold bulls have reached a certain stage, and if gold peaks, the decline will be considerable. We will wait and see whether the non-agricultural sector will see a change.
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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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