Today's gold has shown a pattern of a V-shaped rebound after overselling followed by high-level consolidation.
This is mainly due to the return of liquidity after the holiday, the triggering of technical support, and the continuation of risk aversion sentiment.
The $4,600 level is a strong psychological and institutional support. After testing this level, it attracted bottom-fishing buying and short covering, forming a V-shaped reversal.
Short-term bearish momentum has weakened, and the market has entered a stage of range-bound correction.
Trading Strategy:
Buy 4615 - 4630
SL 4600
TP 4670 - 4680 - 4690
Sell 4685 - 4695
SL 4710
TP 4640 - 4620 - 4600
This is mainly due to the return of liquidity after the holiday, the triggering of technical support, and the continuation of risk aversion sentiment.
The $4,600 level is a strong psychological and institutional support. After testing this level, it attracted bottom-fishing buying and short covering, forming a V-shaped reversal.
Short-term bearish momentum has weakened, and the market has entered a stage of range-bound correction.
Trading Strategy:
Buy 4615 - 4630
SL 4600
TP 4670 - 4680 - 4690
Sell 4685 - 4695
SL 4710
TP 4640 - 4620 - 4600
Trade attivo
Today we made an extremely accurate judgment on the trading entry range and perfectly seized the entry opportunity.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.