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Can gold go up again?Are you ready?

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If a worker wants to do a good job, he must first sharpen his tools. Lincoln also said, "If I have to spend eight hours chopping down a tree, then I will spend six hours sharpening my axe." Then corresponding to the transaction, we can understand it as: research and learning are very important , but it takes more time to prepare for the transaction than to place an order and watch the order.

On Thursday, UBS rescued Credit Suisse, and the largest eleven banks in the United States injected capital into First Republic Bank to ease the banking crisis in Europe and the United States. Market worries eased compared with the beginning of the week. At the same time, the European Central Bank insisted on raising interest rates by 50 basis points, and the United States released relatively strong economic data this week, which increased expectations for the Fed to raise interest rates by 25 basis points. However, the banking crisis also showed the impact of substantial interest rate hikes and economic recession, which may lower the terminal interest rate expectations of most central banks around the world. The long-term support for gold prices may prompt gold to maintain high volatility.

https://www.tradingview.com/x/0tJXaxHs/

Although the Fed is very confident in raising interest rates and has promised a sound U.S. banking system, the market is still worried about bank risks, and gold is still a safe haven for investors. There is no change in the strength of the temporary bulls. On Thursday, gold gave 1932-1935 short, the lowest was 1913, and the miracle also reminded to stop profit in 1915. We made huge profits. Continue to pay attention to the bullish trend today. It is expected that the trend will still fluctuate at a high level. It is not optimistic that there will be room for skyrocketing and plummeting!

To sum up, in the short-term within the day, the interval processing of 1935-1910 broke through the pressure of 1937-1940, and can continue to follow up the processing of multiple orders. So now you can choose to be short in 1932-1935. Target 1915-1910. Stop loss 1940.

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Wait patiently

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Gold 1932-1935 empty attention can be executed according to plan. Everyone must control risks. It can be divided into several transactions.

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Gold moves relatively slowly. Everyone wait patiently for big fluctuations

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Attention everyone. If gold breaks through 1938, our short order needs to stop loss. Backhand to do more. This is a backup strategy.

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Before breaking through 1938. We remain short for now. If we break through 1938, we need to go long. So everyone must pay attention

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Please note that gold continues to fluctuate at the 1937 resistance. Once we break through 1938, our short orders need to stop loss. We must strictly control the risk

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Our gold empty order was stopped out at 1938. Gold currently breaks through 1938. Do more according to the plan

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So now 1937-1940 is long. Target 1950-1960. Stop loss 1928

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very good. Gold is accelerating its rise.

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The current trend of gold is the same as the trend I analyzed. If it breaks through 1938, then gold will open up room for growth. We adjust our thinking in time. Currently gold is up 1946. Next we need to focus on 1953-1960 resistance

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We are now patiently waiting for the long orders in hand to rise.

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Gold is currently at 1951. We hold 1940 long orders. Need to pay attention to the 1952 resistance. We can choose to lighten up our positions in the 1951-1952 interval.

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Friends who have not lightened their positions just now. Now 1951 can choose to lighten up and continue to hold to see a higher price

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1940 long, the positions of the lightening part continue to look at higher prices. everyone wait patiently

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Gold 1940 orders can choose 1960-1961 to take profit, which perfectly reaches our expected position of 1960. Congratulations to everyone for making a big profit today.

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The next resistance for gold today is 1980.

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Take a look back at our trade today. We first went short in 1932-1935. In 1938 the loss was 3-6 points. Then go long in 1940 and make a big profit of 20 points in 1960. The overall profit today is 14-17 points. Congratulations to friends who have followed the direction of Miracle Trading.

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Gold is currently fluctuating at a high level. It is very unwise to rush into trading now. And tomorrow is the weekend, there will be a lot of news. We earn very high profits today. So we can take a break. Waiting for next Monday to continue. I wish you all a great day.

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Have a great weekend everyone. Tomorrow I will share the trading direction of gold and crude oil next week

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Didn't click to follow my friends. Remember to follow. In this way, you can receive the trading direction I gave in the first time