Market review for March 12.

GOLD GOLD1! GOLD GOLD XAUUSD DXY XAUUSD GOLD GOLD
During the European and Asian trading times, gold continued to fluctuate and fall at high levels, falling from 2185 to 2167
After the US market opens, under the influence of CPI. Gold fell sharply first. Then it rose to 2182. But it didn't stand firm. Subsequently, the negative impact continued and fell sharply. The lowest reached 2152.

In fact, judging from the trend, there is a lot of room for trading. But 95% of people lose money. Why? Because you don't have a good trading order to copy. Just blind trading. I said before that trading is not gambling. But investment.

In the following hours, negative data for gold reappeared (the U.S. 10-year Treasury bond auction-bid rate until March 12) once again caused gold, which rose to 2164, to continue to fall. The current position fluctuates at the 2153 line.

The question that many friends are currently facing is whether gold will continue to show a downward trend? Can we continue to focus on selling?

My point is: Gold is currently affected by the news. causing gold to fall. But this decline has limits. Because before there is any news. Gold continues to remain high. Proving that there is still upward momentum. The rise was only interrupted by significant bad news. That's why there was a drop of up to $30. After the bad news is over, this itself is good news. Also on Wednesday, no other news was announced. I think the market will still rebound when it hits support. At the same time, it is combined with the support 2149-2155 of the track below Bollinger Road. I think a buy trade can be made on this support. On Wednesday, low buying continued. The target position of 2164-2173 above. SL below 2145-2140.

The above are my trading directions and orders for Wednesday. If you don’t know how to trade at a precise point. You can leave me a message. I will reply directly when I see it.

交易進行:

If you follow my signals and trade. Remember to follow my account. This is convenient for the next time you have a good trading opportunity. Able to see and follow in time.

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for this transaction order. The room for profit is certain.

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The trend is indeed executing as I expected

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The gold bought at 2154 has reached the profit-taking target.

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Supplement Wednesday's operating recommendations, limited time US market.
2164-2167 sold. SL2176.tp2154