17/05/2024
On Thursday, the gold price consolidated at a high level, reaching a high of around 2397 in early trading, and then fluctuated back to around 2370. The overall price formed a range of $27;
First: The bullish trend continued and became a "moon in the water"; After many bullish trends in the market, the trend adjusted on Thursday;
Second: The long and short trends are not giving in to each other; the short positions in the early stage plummeted by hundreds of points; the long positions in the later period are covering upwards; in terms of the overall trend of the market, breaking through 2430 is a new bull trend; breaking through 2280-2220 is a buying order. Only then can the bullish trend end; now it seems that this trend is also a "flower in the mirror"!
In yesterday's trading: The game was about the continuation of the long position, and continued to go long near 2390, but unfortunately, the stop loss was eliminated; the stop loss was eliminated, and I chose to wait and see! Don’t worry, let the bullets fly for a while; what we see today is that the market has formed a support of 2370, a suppression of 2400, and the 30-point range has formed a high level consolidation;
Among today’s plans:
Among the 1:1 hour trend, the current range is relatively obvious; the range formed by the high and low points of BOLL is the range of 2400-2370;
2: In 4 hours, the stochastic indicator is currently dead cross downward, which is a bearish signal; but the high level resists the decline; the top-bottom transition support is near 2370; the support position of the central axis is near 2363; considering that the quota is dead cross, The price has formed a state of resistance; here it is biased towards a pattern of time exchanging space;
3: In the daily K, the stochastic indicator still blunts the upward signal of the golden cross for the time being; the quota is the golden cross; but the upper track of the daily K is still suppressed, and the suppression near 2400 is still there; therefore, it is difficult to say that the position will be broken in one go. up;
To sum up: the 4-hour quota is dead cross, and the daily K's BOLL is suppressed on track; these are the signals of negative adjustment; but the 4-hour pattern resists the decline, and the daily K's quota is golden cross, these are bullish signals; combined, here is Conflicting signals are expected to continue to consolidate and consolidate at high levels; therefore, it is recommended to deal with the short-term trend within the range of 2400-2370 during the day; the strength dividing line between long and short is 2400 and 2370; the trend dividing line is 2430 and the position of 2280/2220;