Diving plunged $1803, rebounded back to $1830, fell sharply, rebounded fast, the volatility was fierce, and the range widened! As of this morning, the volatility of gold prices has reached as much as $30, and many parties have now recovered their losses and are once again firmly above $1820.
Gold prices closed lower after the withdrawal at the end of last week, the weakening trend continued, coupled with the rebound of the US dollar, gold prices fell under pressure, the support was obvious near the $1800 mark, and the recovery of lost territory after the rebound was also enough to demonstrate the strength of various potential energy. therefore, we should not follow blindly and pursue short again at this stage.
Further rebound resistance is located in the $1833-$1835 area, if you can break through the homeopathy, look at the $1845 area.
As today coincides with the US holiday, the market will be closed ahead of schedule, under which the larger decline is difficult to reappear. I think the fierce volatility may remain until Wednesday and Thursday, so as long as the price stays above $1820 in the white market. you can get involved and take a long look at $1833, break through and look at the target of $1845.
Us oil prices withdrew under pressure from above 53 highs on Friday, and the intraday pullback finally closed lower after hitting 52. The weekly line recorded a small negative column, the price ran below the Brin upper track, the cyclical moving average continued to rise, and the short-cycle indicators turned downwards. Waiting for guidance after volume release, the weekly line is cautious about bears.
From the daily line level, the bald head and barefoot pubic column was almost recorded, and the entity part passed through the short-term moving average, and the short positions continued this morning, but so far, the space for diving is limited, and the moving averages of other periods are also arranged in many ways. the exploration potential under the short-period index slows down, and the daily line adjustment seeks the basic end.
52 is the entry we expected to give at the end of last week, waiting for 51 during the steady period. Now that it has been given, we can enter the market first. We are bullish on the future trend of US oil prices, so we will not change the direction of strategy because of a short-term pullback.
Strong do not withdraw, retreat is not strong! If the current round of US oil price rise is not over, then we cannot expect much room for a pullback, and any further pullback will be regarded as an adjustment.
If the adjustment is in place and the support is effective, it will certainly rise again and break through. Next, the rise in US oil prices should first look at 53, and continue to stabilize above 53, so the further increase in many sides still depends on the high of 55. (intraday analysis only represents personal opinions and does not constitute the actual entry position. The transaction is risky and you have to bear your own profits and losses.)
