Gold's fall and correction is over, and we will go all out to go

review of the week


The trend of gold this week is to rise at both ends and fall in the middle! It rebounded on Monday, fell on Tuesday, Wednesday and Thursday, and rebounded on Friday! My thinking this week is not inaccurate. I started shorting from 1959 on Tuesday, and went to 1937 on Friday morning. All short orders took profits! After the U.S. non-agricultural data on Friday, backhand 1933 in time to go long, directly pulling up the rise and making a profit! The perfect switch between long and short, a big victory this week!


Plan your transaction, trade your plan, it is by no means empty words! Every article of mine has carefully formulated a trading plan, including doing long on Friday is also within the plan, and I have repeatedly reminded my members that the decline is coming to an end, and they can backhand and do long at any time! The long order on Friday is nothing more than the execution after seeing the trading signal, nothing more!



Read my article, you can not only see the precise layout, but also learn a lot of analytical knowledge, and even learn about trading skills, superb technical analysis!



Outlook for next week


As far as the golden week is concerned, it is now a high and volatile trend. There is no obvious trend market, and some are just ups and downs at the daily level! Looking at the daily line, gold is in a decline period from 2087 to 1891, which is composed of decline + consolidation + decline. It deviates from the position of 1891, and starts to rebound and rise after the double bottom! And what is going on now is the rising + consolidation in the rising period, and on Friday, the consolidation has also been completed, and now the rising + consolidation + rising wave will start!



It can also be seen on the daily line that this callback has touched the support of the Bollinger lower track on the daily line, which is an undoubted turning point of the market!



In 4 hours, there is still a need for adjustment at the bottom of gold, but the callback is an opportunity to go long. The low point of the callback after Friday’s rise was 1937, which was the previous pressure position. After breaking through, it became a support. Now rely on the support of 1937 to do more bullish !


specific strategy


Gold is more than 1937, stop loss is 1930, and stop profit is 1960.

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