Gold fell in a wave yesterday, once establishing a downward trend at the hourly level. However, the four-hour level remains a healthy uptrend. Last night's hourly level fell in three waves. With the first rebound near 1903 in the middle of the night, the five waves did not break the previous low. Today's bottom fluctuated and one wave rose in the evening, breaking yesterday's downtrend. It seems that the four-hour level bulls are still there, and the hourly level will continue to rise. Restoring the bullish uptrend.
The long and short prototypes took turns to go into battle, and the small level fluctuated up and down. The wave of
broke in the evening, and then I paid attention to whether the step back to 1903 could be supported. Once effective support is obtained, then the follow-up is to continue to rise and build a bullish prototype.
In theory, even if it is a long prototype here, 1903 can be the support position , but it is obvious that the trend is too strong; on the contrary, if the 618 position is called back to the vicinity of 1900, and then it is supported, then the price/performance ratio will come out. Of course,
is all speculation. Although it broke the short structure yesterday, the current long rudiment has not yet been formed, and the market test is still needed. The
zoom cycle, the gold price is still the trend of high and low points. The four-hour-level top deviates from and has not been repaired yet, and the goal near 1882 is still possible to achieve. Looking at the trend of the weak chicken of gold price, if the non-agricultural economy is slightly weak on Friday, it is estimated that it will be an avalanche.
Whenever there is major news, the market trend is always contradictory. The trend is high and is high and the longs are moving up, but the indicators on the attached picture are deviating from the top, and full demand for callbacks is waiting.
Everything has to look at non-agricultural data .
has nothing to say, just like a shock pattern. You can be bullish or bearish. Generally speaking, it is beneficial to see more, at least the support position is obvious.
looks at the gains and losses of 1903 in the short term. Tonight, closes on top of , and the market is overweight.Follow-up relying on 1892 to continue to be bullish, bearish above 1912.
's recent intra-day compression rate is also extremely small. The white plate is basically less than ten dollars, and it is not bad to have more than ten dollars in a day.
But I have a hunch, this is the calm before the storm, and the big market is coming soon.
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