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💡Gold prices are rising in a sweeping manner around the channel, and both bulls and bears have opportunities
Starting from April 22, when the price sprinted to 3500, it entered this wave of wide range sweep, thus forming a purple channel range.
There is at least $100 space from the lower track to the upper track of the purple channel
Now the rebound is almost $70, getting closer and closer to the upper track of this channel
Since the price is still sweeping within the channel range, first lock the upper and lower track positions in the large range and remember the specific positions
📢 Let’s talk about it in detail
1. The purple channel interval, combined with the hourly double-line interval, and the four-hour closing and flattening pattern, declares that the interval sweep is still going on, and the space switches back and forth
The purple channel lower rail is 3202-3203, and the support starts to rise. The upper rail focuses on the 3305-3310 area
The hourly double-line interval is 3272-3237
The four-hour closing and flattening interval is 3313-3199, the lifeline position is 3256, and the current price is above the lifeline
It can hold the lifeline and switch the space upwards one by one
2. The daily level hovers at the lifeline position, sweeping up and down around the lifeline. The subsequent attention is whether the price relies on the lifeline to extend upward or suppresses the lifeline to extend downward. This will take at least three to five days to slowly confirm.
3. Starting from a low position, it rebounds and rises, the low point rises, the high point moves up, and gradually recovers the lost ground. In this process, it is particularly important to keep the low. Keep the low and break the high to see acceleration. Break the low point and return to sweep
Currently entering the sweeping rise mode from the low point, the space budget is about 40-60 US dollars in the process, and then switch the space upwards one by one, and the adjustment space range is also about 40-60 US dollars
Therefore, when the rise or fall is close to 40-60 US dollars, it is necessary to consider whether to adjust (reversal, sweeping method, correction is reversal), and then look at about 40-60 US dollars, and then look at the turning point.
📖 In summary, for the next gold, we first define a wide sweep of the large range, with a space range of about $100, and then subdivide the space one by one
The currently locked range is the purple channel space, which is currently in the process of a sweep-up from the lower track of the channel to determine the support. Both long and short have opportunities, with a space of about $40-60, and then further subdivided into multiple $20 spaces, repeatedly switching spaces
Determine the idea, around the channel range, it is mainly long and auxiliary short, keep the low point raised, and the high point moves up in a sweeping rise. There is a squat in the process. When holding the previous low point, it is all for standing up and sprinting through the high.
📊 Referring to this idea, in the afternoon, we will enter the market with low-long bullish around the four-hour lifeline 3256-3254 area, which is also the support point 3253 of the Asian session. We will pay attention to the 3270 position. If we can stand above 3270, we will look for 3277-3280, and then 3288-3290 area.
If there is a high-rise and fall again, we will pay attention to the 3243-3242 position (the extreme purple trend line 3237-3235 position), pay attention to the squat here to determine the support action, and then continue to climb upward to find the upper track position of the purple channel
💡Gold prices are rising in a sweeping manner around the channel, and both bulls and bears have opportunities
Starting from April 22, when the price sprinted to 3500, it entered this wave of wide range sweep, thus forming a purple channel range.
There is at least $100 space from the lower track to the upper track of the purple channel
Now the rebound is almost $70, getting closer and closer to the upper track of this channel
Since the price is still sweeping within the channel range, first lock the upper and lower track positions in the large range and remember the specific positions
📢 Let’s talk about it in detail
1. The purple channel interval, combined with the hourly double-line interval, and the four-hour closing and flattening pattern, declares that the interval sweep is still going on, and the space switches back and forth
The purple channel lower rail is 3202-3203, and the support starts to rise. The upper rail focuses on the 3305-3310 area
The hourly double-line interval is 3272-3237
The four-hour closing and flattening interval is 3313-3199, the lifeline position is 3256, and the current price is above the lifeline
It can hold the lifeline and switch the space upwards one by one
2. The daily level hovers at the lifeline position, sweeping up and down around the lifeline. The subsequent attention is whether the price relies on the lifeline to extend upward or suppresses the lifeline to extend downward. This will take at least three to five days to slowly confirm.
3. Starting from a low position, it rebounds and rises, the low point rises, the high point moves up, and gradually recovers the lost ground. In this process, it is particularly important to keep the low. Keep the low and break the high to see acceleration. Break the low point and return to sweep
Currently entering the sweeping rise mode from the low point, the space budget is about 40-60 US dollars in the process, and then switch the space upwards one by one, and the adjustment space range is also about 40-60 US dollars
Therefore, when the rise or fall is close to 40-60 US dollars, it is necessary to consider whether to adjust (reversal, sweeping method, correction is reversal), and then look at about 40-60 US dollars, and then look at the turning point.
📖 In summary, for the next gold, we first define a wide sweep of the large range, with a space range of about $100, and then subdivide the space one by one
The currently locked range is the purple channel space, which is currently in the process of a sweep-up from the lower track of the channel to determine the support. Both long and short have opportunities, with a space of about $40-60, and then further subdivided into multiple $20 spaces, repeatedly switching spaces
Determine the idea, around the channel range, it is mainly long and auxiliary short, keep the low point raised, and the high point moves up in a sweeping rise. There is a squat in the process. When holding the previous low point, it is all for standing up and sprinting through the high.
📊 Referring to this idea, in the afternoon, we will enter the market with low-long bullish around the four-hour lifeline 3256-3254 area, which is also the support point 3253 of the Asian session. We will pay attention to the 3270 position. If we can stand above 3270, we will look for 3277-3280, and then 3288-3290 area.
If there is a high-rise and fall again, we will pay attention to the 3243-3242 position (the extreme purple trend line 3237-3235 position), pay attention to the squat here to determine the support action, and then continue to climb upward to find the upper track position of the purple channel
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Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.