Emas / Dollar A.S.Diupdate Gold continues to Sell after rebound
🔶Judging from the current trend, since gold began to fall after the election, although there have been occasional rebounds, the overall trend is still an inserted downward trend. There is no clear reversal signal in the market, and the repeated fluctuations during the session seem to be tempting to buy more. Although the technical indicators below the 4-hour level were once oversold, they did not pose a significant obstacle to the trend, just like the overbought during the previous rise. Yesterday, gold received short-term support at the 2590 line and rebounded, but fell again in the late trading, further indicating the dominance of the bearish trend. It took only two days to fall from the high of 2710 to 2590. Under the dominance of the bears, the bulls were basically unable to fight back.
🔶At the daily level, the K-line closed negative continuously and the trading volume was enlarged. The lower track space of the Bollinger Band was opened, and the MA5 and MA10 moving averages crossed downward. The shape of the evening star on the weekly line further clarified the top signal, indicating the continuation of the correction trend. Overall, gold is still in a weak state, the rebound is limited, and it is more inclined to provide opportunities for short selling.
🔶The 1-hour moving average has a clear short arrangement, showing the continuation of the downward trend. Although gold surged during the US trading session last night, it quickly fell back, indicating that its rebound lacked sustainability and had not yet formed a reversal. Overall, the gold trend has entered the third wave of decline, and the bearish trend is significant.
🔶In terms of operation, we continue to maintain the bearish thinking. It is recommended to go short when the rebound reaches around 2610, while paying attention to the suppression of the next day's high of 2617. The focus below is on the 2590 support. Once it falls below, the decline may further accelerate.
đź”´Short-term upper resistance range @ 2617-2620
🟢Short-term lower support range @ 2590-2550
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🔶At the daily level, the K-line closed negative continuously and the trading volume was enlarged. The lower track space of the Bollinger Band was opened, and the MA5 and MA10 moving averages crossed downward. The shape of the evening star on the weekly line further clarified the top signal, indicating the continuation of the correction trend. Overall, gold is still in a weak state, the rebound is limited, and it is more inclined to provide opportunities for short selling.
🔶The 1-hour moving average has a clear short arrangement, showing the continuation of the downward trend. Although gold surged during the US trading session last night, it quickly fell back, indicating that its rebound lacked sustainability and had not yet formed a reversal. Overall, the gold trend has entered the third wave of decline, and the bearish trend is significant.
🔶In terms of operation, we continue to maintain the bearish thinking. It is recommended to go short when the rebound reaches around 2610, while paying attention to the suppression of the next day's high of 2617. The focus below is on the 2590 support. Once it falls below, the decline may further accelerate.
đź”´Short-term upper resistance range @ 2617-2620
🟢Short-term lower support range @ 2590-2550
🙌Thank you for following and please support us by liking and sharing the post. And leave your views in the comment section
Trade aktif
With the arrival of US CPI data, gold will face a choice today!
In the short term, gold can rely on the 2595-98 area to see a short-term rebound and shock, and pay attention to 2615-2625 above. Only after the K-line entity rises and breaks through 2625, this round of decline will be completely over.
Once the European session weakens and continues to fall, the rebound adjustment idea before the US market will follow the short position. If it falls below 2590 again, it can be seen down to 2570-2550
Catatan
GOLD SELL @ 2610-2613
⛔️SL 2621
🎯TP1 2590
🎯TP2 2580
Trading ditutup: target tercapai
If the price rebounds to the 2600-2605 range, you can continue to short, TP1 2595 // TP2 2580
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🔶Real-time trading guidance✅
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