Hello everyone, here is Benyuan Capital, analyze the future gold trends and the places that need to be paid attention to in the future.
gold daily chart
daily line: On Friday, gold price rebounded after breaking through the support level in 1614, forming a double bottom structure on the daily line, and the daily line MACD forms a divergence, and the strong signal of double bottom + divergence basically confirms the future trend. If the price does not break through 1614, then in the future, we will focus on two points, 1729 and 1800. According to the structure of the daily chart, it is very likely that it can be reached around 1800. Whether it can be reached is? We must cooperate with the depth of bottoming out of in the next four hours (the deeper the bottoming out again, the greater the room for price increases), and we can better judge the position.
Gold four-hour chart
4H: Looking at the four-hour chart, the price will experience a brief pullback next week and continue to bottom out. From the daily line, the structure should not break through 1614. Then the high point generated after the current rise of four hours begins to reach the 1614 area ( second bottoming ). If this space looks deeper, the space will be greater in the future. As for where the secondary bottoming ends, it has not yet come out, but we can focus on the hourly cycle. If the K-line reversal pattern appears during the hourly cycle callback, we can basically confirm the callback end signal. In the long term, we can consider starting a lot of layout near the end signal. The specific target position needs to be followed after the subsequent price exits the signal!
or above signal basis, short sellers break 1614 but fail to succeed, so the bulls will be the main one in the future. [Bow]
continue to pay attention to the future...
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