Looking back at the overall market, gold has rebounded for two consecutive days, but from the perspective of the morphological structure, it is not yet in a state of reversal. Beware of the risk of a fall after a surge.
From the perspective of the one-hour and four-hour structures, the overall trend is still in a downward trend. Although there has been a strong rebound in the past two days, the rebound is not a reversal.
Today, we need to focus on $2925, which is 680 yuan, as the dividing line between today's long and short turns. Below this area, given the rebound in the past two days, I think we can try to go south to see a fall. Refer to the 2895 or 2880 area below.
However, if the box continues to oscillate today and closes above $680 or $2925, it will bottom out and turn to long! At that time, we will adjust our thinking and look north to see new highs!
Note that the short-term market is approaching a turning point, and 2925 needs to be paid attention to.
From the perspective of the one-hour and four-hour structures, the overall trend is still in a downward trend. Although there has been a strong rebound in the past two days, the rebound is not a reversal.
Today, we need to focus on $2925, which is 680 yuan, as the dividing line between today's long and short turns. Below this area, given the rebound in the past two days, I think we can try to go south to see a fall. Refer to the 2895 or 2880 area below.
However, if the box continues to oscillate today and closes above $680 or $2925, it will bottom out and turn to long! At that time, we will adjust our thinking and look north to see new highs!
Note that the short-term market is approaching a turning point, and 2925 needs to be paid attention to.
トレード稼働中
Data to watch today:US ADP employment in February (10,000 people)
US EIA crude oil inventory for the week ending February 28 (10,000 barrels)
トレード終了: 利益確定目標に到達
Today’s first order, the total profit from covering the position is 23K. This is the result of the professional team of analysts
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