2.11 Today's gold price analysis: Fluctuation range 2930--2900

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2.11 Today's gold price analysis: Fluctuation range 2930--2900

Today's Asian session gold price rose rapidly at 2908 points, breaking through the historical high of 2942 in one fell swoop. In just 15 minutes, the market took a sharp turn for the worse, reaching a minimum of 2906 points, with a shocking fluctuation range.

The waterfall span is close to 40 points

Next is a great opportunity to short at intraday highs.

Before the opening of the US market, a 5-6 hour safety period is basically determined.

Below 2929, shorting with your eyes closed can make money.

Intraday strategy:

SELL: 2920-2925

SL: 2930

TP: 2910

TP: 2900

TP: 2880

Currently, the upper resistance level is mainly concentrated at 2930,

The lower support is stable at 2903-2896.

Then wait for the US market to open in 5 hours:
We continue to follow the market, and the mainstream strategy is to go long at low prices

Operation strategy:

Buy 1: 2900-2910 (high probability retracement range)

Buy 2: 2880-2890 (possible deep retracement range)

Profit: 2930 (first trend target)

Profit: 2950 (second trend high point)

I will still publish my strategy at the appropriate time below the article, thank you for your message

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Transaction en cours

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Trade fermée: cible de profit atteinte

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Note

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Note