Hello everyone, the gold market has been fluctuating wildly recently, and many friends want to seize the opportunity to make a fortune, but they are struggling to find direction. Today, I will talk to you about how to seize key opportunities in the gold market.
I have specially created a gold practical exchange group. In the group, I will comprehensively analyze gold, from fundamentals to technical aspects, from macro trends to specific points. I will broadcast and analyze the market trend ideas of the day every day. If there is a suitable opportunity, I will make strategic layouts and teach you hand-in-hand to understand the language behind the charts, so that everyone can communicate and make money in the group! Friends who want to join for free, act quickly!
Yesterday's Gold Market Review: Precise Sniping, Two Profitable Trades!
Yesterday, Monday, my thinking was very clear, which was to resolutely sell short after a rebound. Looking back at yesterday's market, there were actually two very good opportunities to sell short on rallies. The first time was when an evening star appeared at a certain position, rebounding to around 3330, actually 3328, and then falling. The second decline was when it rebounded to around 3338, the neckline of the M-top. Therefore, if you lay out short orders according to this idea, it is completely possible to grasp the profit margin.
Yesterday, I also called short orders for everyone in the live broadcast. In the live broadcast from 7 to 9 o'clock, I mainly discussed with you where the opportunities for gold are.
Let me show you a screenshot of my order calls yesterday:
- Time: 8:50
In yesterday's order layout, three orders were placed for gold, all short!
The specifics are as follows:
| Trade | Point | Result |
|---|---|---|
| Short 1 | 3319 | Take Profit |
| Short 2 | 3318 | Take Profit |
| Short 3 | 3315.5 | Stop Loss |
As you can see, the first two short orders successfully took profit, and the third entry point was slightly lower, and the stop loss was triggered due to the market rebound. In other words, during yesterday's live broadcast, two orders were profitable and one was loss, resulting in overall profit.
The reason for choosing to lay out short orders at this position at that time was mainly based on the prediction of the Bollinger Bands trend. According to the rules of Bollinger Bands, there will be pressure after the price rises to the upper rail of the Bollinger Bands. Moreover, at that time, the three rails of the Bollinger Bands were parallel, and the market continued to rise, with pressure above, so I decisively chose to go short.
Facts have proved that this judgment was correct. The price directly plummeted after hitting the upper rail of the Bollinger Bands for the first time. However, the decline did not break the previous low, indicating that the decline was not strong. Therefore, after the rebound, I made another short order at this position. After that, the middle rail of the Bollinger Bands was not broken, and I continued to make a short order at this position, but unfortunately it rebounded later.
Therefore, the first two layouts near the upper and middle rails of the Bollinger Bands were successfully closed with profit. Afterwards, I also reminded everyone that as long as the price does not break through within this range, we should continue to maintain the high-altitude thinking.
Because we usually look at the 5-minute or 15-minute chart trends when trading, there will be more short-term opportunities during live broadcasts. Friends who want to keep up with the rhythm must watch the live broadcast more, after all, watching the live broadcast can better grasp the opportunities during real-time order calls.
Today's Market Analysis and Trading Strategy: Seize Breakout Opportunities!
Now today is Tuesday, let's take a look at the data. There is no particularly important data released today, mainly focusing on Europe. In terms of data, we need to pay attention to the US CPI annual rate on Wednesday, which is very important and must be paid special attention to!
In terms of news, the recent news has been relatively light. If you must pay attention, you can appropriately pay attention to the Sino-US trade negotiations. The Sino-US trade consultations are currently being held in London, mainly focusing on tariffs, technology, rare earths and other aspects.
The progress of the negotiations will also affect the trend of gold. The current rumor is that negotiations are still ongoing, which means that negotiations are possible and there is no direct conflict. This can reduce market risk expectations, thereby cooling down the safe-haven sentiment of gold, leading to a fall in gold prices.
Therefore, the news is biased towards negative for gold.
Next, let's go back to the real-time market and talk about where today's opportunities are.
First of all, from the daily chart, there was no decline yesterday, which is indeed a bit regrettable. If it could have fallen yesterday, a one-sided downward trend could have formed.
We can see that the large positive line on Monday of last week continues to play a role in the adjustment of the daily level of gold. Although it slightly broke the low point of the large positive line yesterday, it eventually closed up. Yesterday's lower shadow line and upper shadow line have the effect of pressure and support. If it breaks through the high point above, or falls below the low point below, a unilateral market will come, or this shock will end.
So today, you need to pay attention to yesterday's high point. If it breaks through, it should pull up a bit; if yesterday's low point breaks, it will continue to fall.
In short, the break of yesterday's high and low points will affect today's trend. A break below the low point will continue to fall.
Switching to the four-hour chart, it is clearer to see that yesterday's high and low points of gold are exactly the long upper shadow line and the long lower shadow line, which are also the current adjustment range. The price above is at 3339, and the low point below is at 3292.
This range can be regarded as a box shock range, with the lower shadow line as support and the upper shadow line as pressure. If the market can fall below the support of 3296, it will form a breakout and fall.
Why did the market not continue to rise after rebounding to 3339? Because 3339 is the neckline of the double top at the 4-hour level, and it is also a position we mentioned yesterday. Therefore, it is very reasonable for the market to fall back near the neckline.
According to the current logic, the pressure is relatively obvious.
The current market is a high-level pullback, a rebound and a pullback, and a rebound and a continued decline, which is a very perfect downward trend. Therefore, I think the probability of gold falling is greater, and it is more likely to break down or form a big drop.
So today, if you want to be more stable, you should lay out short orders after falling below 3290.
The fluctuation range of this interval is about 47 US dollars. That is to say, if it falls below 3292, and then falls by 47 US dollars, it will be about 3245.
In other words, if the market can fall smoothly, it will probably fall to around 3245.
You can see that 3245 is just the previous iconic low point, which is the 1:1 space of the box range.
So the current market is very worth looking forward to. If it can fall below 3292, just go short! The most stable trading opportunity today is to go short after the breakout.
If you want to be more aggressive, you need to look at the small cycle chart. You can sell short at a high level after a rebound. According to the current trend, you can draw a Bollinger Band.
In the 15-minute chart, gold can fall mainly because it broke the support on the left side. Now that gold is rebounding upwards, the position on the left side will play a suppressive effect. At the same time, in the 15-minute chart, the middle rail of the Bollinger Bands will move down with time fluctuations.
Therefore, if you want to sell short on rallies, you can probably rebound to around 3312 to lay out short orders. If the rebound is stronger, it is estimated to reach 3322.
In summary, the direction of gold is still to lay out on the short side. The stable opportunity is to go short after falling below 3290, and the aggressive opportunity is to sell short at a high level near 3312 or 3322.
The specific point to trade must be based on the real-time fluctuations of the market to find an entry opportunity.
Grasp Real-time Strategies and Join the Gold Exchange Group!
Don't worry, I will pay attention to the market trend with you in the gold group and during the live broadcast. If there is a suitable opportunity to lay out, I will directly call orders for everyone, and explain clearly what point to trade, what the direction is, and what the take profit and stop loss are.
Friends who want to keep up with the rhythm or refer to our strategies, join our gold practical exchange group quickly!
Analysis of Other Product Trends: Euro is biased towards adjustment, USDJPY is biased towards rise
In addition to gold, I will also briefly analyze the trends of the euro and USDJPY.
Yesterday, it was said that the euro against the US dollar should be sold short on rallies after the rebound, but the rebound strength was slightly worse and did not reach the upper pressure line. Currently, the euro against the US dollar is in a very obvious adjustment range, and it will not form a breakout until the CPI data on Wednesday is released. Currently, it will continue to fluctuate back and forth in the range of 1.137 to 1.143.
As for USDJPY, it is actually a double bottom rebound. In the four-hour chart, USDJPY belongs to the rhythm of a double bottom rebound, breaking through the neckline of 144.3 to 144.4 in the middle. In the one-hour chart, it belongs to the breakout pull. Therefore, the obvious trend of USDJPY is to support 144.3 or 144.4. If it does not fall below, it can maintain a long position. The upper target is approximately in the range of 146.2 to 146.
Summary:
| Product | Trend Judgment |
|---|---|
| Gold | Bearish |
| EUR/USD | Adjustment |
| USD/JPY | Bullish |
If there are opportunities for these products, I will notify everyone in the gold group in time and publish messages.
If you want to join the gold group and get real-time strategies, scan the code to follow and reply "Gold Group"! See you in the live broadcast!