12/16How to grasp the ups and downs of gold

16 déc. 2024

Gold continued its downward slide and fell back to test the area near 2643 in early Asian trading on Monday.
Be careful to avoid stabilizing and rebounding today. In early trading, we will first focus on the gain and loss of support in the 2635-30 area. Gold fell directly to close to the target area in this wave.
It is also the rising area where the risk aversion of the last surge started. Today, Monday, pay attention to the continuation and rebound strength!
If the position is broken at 2635, we will further pay attention to 2615 and 2605. Normally, these positions will play a supporting role. When we see 2635 for the first time, short-term longs can be entered. Do not blindly chase shorts in the short-term today.
For the rebound above, pay attention to the resistance zone of 2668-2673 area, and pay attention to the 2695 area when it breaks!
The strength of bulls and bears will focus on the area around 2665. Gold will fluctuate lower and focus on 2665 before falling back and continue to focus on testing the 2643-35 area and focus on the 2615 area!

If the rebound stabilizes above 2665, continue to focus on the rebound in the short term and focus on 2773.
If it breaks below the resistance area, pay attention to the 2635 area!

12/16 Golden Day Short-term Strategy Reference:

1. If gold continues to fall, it will see around 2635 for the first time and start to divide positions and open long positions. Stop loss at 2625 and target 2655-2665-2675!

2. If the rebound first appears near 2673, stop loss at 2678, and target 2663-2650-2635!

16 déc. 2024

Transaction en cours

At present, gold has returned to the lower side of the moving average band and has pierced 2650, which is stronger than the previously expected downward momentum. It was originally expected that the market would return to 2650 last week, and then fluctuate around 2650 this week, and then wait for the Fed's interest rate decision on Thursday morning to determine the direction. But gold once pierced 2650 last Friday, so gold may repeatedly pull and oscillate around 2650 at the beginning of this week, and finally wait for the Fed's interest rate decision to guide the direction. However, there is also the possibility of a continued weak decline at the beginning of the week, which reflects that the market's concerns about the Fed's suspension of interest rate cuts will be heavier.

Combining the daily and hourly charts, gold has pierced 2650 at the beginning of this week, indicating that there is a high possibility of another low this week, but after a continuous decline, it also needs a certain amount of retracement, but it may just be an oversold rebound. At the beginning of the week, we will first look at the short-term pressure rebound test in the 2660-2665 area. If this pressure is not broken, it will be under pressure again, and the probability of gold continuing to fall will be very high. And if the rebound stops above 2660-2665 this week, then the upper side may test the pressure in the 2670-2675 area. If this pressure is not broken, it is still expected to fall further. The lower side will focus on the 2635-2625 support. But if it falls further, it will need the influence of the Fed's interest rate decision.

Gold operation strategy: It is recommended to go short directly when the Asian and European sessions touch 2664-2660, stop loss 2669, target 2650-2645;

16 déc. 2024

Note

Gold operation strategy: It is recommended to go short directly when the Asian and European sessions touch 2664-2660, stop loss 2669, target 2650-2645;

17 déc. 2024

Trade fermée: cible de profit atteinte

Yesterday, gold technicals saw a small rebound in volatile trading, then fell under pressure. The price in the Asian and European sessions stabilized and rebounded at the 2650 mark. The European session gold price quickly rose and pierced the 2664 mark, then fell under pressure and fell into a narrow range of fluctuations. The US session continued to fall to the vicinity of the 2650 mark and closed at a high and fell back in a narrow range of fluctuations. The overall gold price showed a pressure pattern at the 2664 mark as expected, and the short-term weak short adjustment continued. Yesterday, we notified short selling near 2660 many times. Short selling is still the mainstream today.

From the 4-hour analysis chart, today's upper resistance is still concerned about the 2660-62 mark. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target is still concerned about the break of the 2640-43 line. The short-term gold price short weakness dividing line is the 2670 mark. Before the daily level breaks through and stands on this position, any rebound is a short-selling opportunity. Maintain the main tone of participating in the trend, and do not participate in the counter-trend long orders.

Gold operation strategy:
1. Gold rebounds to 2658-2662 line short, stop loss 2671, target 2635-2642 line;