Risk aversion rises, continue to go long

21 nov.

The daily chart of gold shows strong performance, and the intraday trend is also fluctuating upward. There are opportunities for BUY/SELL in the fluctuating market! Today, the upper resistance of gold is at 2673 US dollars. Rebounds rely on short selling below this resistance, and then look at the support of 2641 US dollars below!

Gold continued to rise strongly yesterday. If it falls back, continue to go long. Don't think too much.

The 1-hour moving average of gold crosses the bulls upward, and gold is still strong in the short term. After breaking through 2640 in the US market yesterday, gold continued to rise strongly. Gold 2640 has now turned into support. Gold falls back to 2640 and continues to go long on dips.

First support: 2647, second support: 2640, third support: 2620

First resistance: 2662, second resistance: 2673, third resistance: 2685

Trading strategy:

BUY: 2645-2647

SELL: 2671-2673

21 nov.

Transaction en cours

The highest is 2670.3. Sorry, it is a little off the plan. If it goes up to 2671, it will not be sold.
The selling plan 2671~2673 is cancelled, and the buying plan remains valid. NY market signals awaiting updates

21 nov.

Trade fermée manuellement

Resistance confirmed 2 times before NY market, sell closed manually

22 nov.

Note

Gold has been rising continuously and is now in an overbought state at a high level. Although the trend of gold is still bullish, it is still adjusting. Wait until gold falls back to 2695 before going long.

The 1-hour moving average of gold is still a golden cross with upward bullish divergence. Gold is still in a strong bullish trend. After rising today, gold fell back to the 2690 first-line support and rose again. Gold fell back to 2690 in the US market and went long on dips. Gold fell back to 2695 in the US market and can be long first.