渡尘-eco

Personal chat room. Welcome like-minded friends to exchange ideas
ID:laogu888

If gold breaks below this downward channel, the price of gold will be repriced; prompted by news-driven catalysts, the upward flag pattern in technical analysis will no longer serve as a reliable reference!#黄金 #伦敦金 $XAU

So much fun—don't play like this anymore #黄金
#伦敦金 $XAU

Good news: targeted exactly at the 4530 rebound
Bad news: I held through it

As soon as the news hit the tape, the technicals were pushed aside; however, personally I remain bullish on gold.
Although Wosch’s remarks caused gold to dip temporarily, the price has returned to the downtrend channel. The next support to watch is around 4530. Personally, I will add to my long position at 4535, with all stop-loss set at 4520. Targets are looking toward 4700.
#黄金 #伦敦金 $XAU

The entire market is waiting for Wush to make his debut at the Jackson Hole Global Central Bank Conference

Continue watching this rising flag channel. If the gold price breaks through the upper flag line, and then pulls back to consolidate, it will accelerate upward and test the high at 4700!#黄金 #伦敦金 $XAU

Run away first. If there are good positions, then continue to enter the market. If in the evening it can pull back again to 4585, that’s the best entry position#黄金 #伦敦金 $XAU

Look at a shorter cycle
After the gold pullback to 4570, it tested lows twice. If the gold price can effectively break through the resistance around 4615, then in the short term we can judge that the 4570 level is a local bottom! #黄金 #伦敦金 $XAU

Perhaps today is a white Friday

“Early session goes V-shaped, if EUR doesn’t break the bottom, then USD won’t be hard to fall,” when looking at today’s Asia and Europe session moves alone, the market action fits this saying very well. Generally, after a decline in the early session, gold will rebound to test the high point of the Asia session. Then, during the afternoon/evening Europe session, if gold fails to break above today’s early-session low, the evening U.S. session is basically unlikely to continue the down move.

Today’s evening trading plan: watch support around 4585. If gold can effectively stop falling and stabilize around 4585 in the evening, you can promptly open a position to go long, targeting resistance near today’s high around 4614 #黄金 #伦敦金 $XAU

All the empty orders have been closed out. Now that I'm viewing it from the god's-eye perspective, 4570 should have been the best entry point, but it doesn’t really matter that much. At least this trade didn’t lose money, and you can’t call it a failure! #黄金 #伦敦金 $XAU

Gold hourly-level price continues to fluctuate downward. As time passes, gold forms a flag-shaped channel at high levels. Looking at the entire segment of this round of market movement, gold forms an ascending flag-shaped channel. Personally, my prediction is that the lowest point will be around 4540.#黄金 #伦敦金 $XAU

Daily Summary:
Today I completed 2 intraday/short-term swing trades. In the morning, I exited one trade early. In the afternoon, one trade closed successfully with take-profit. Both trades resulted in 2240 USD collected.

For my mid- to long-term positions, I currently hold 4629. I added 4621 today. In the evening, I added three short positions at 4599. I lowered all stop losses to 4640, while keeping take-profit at 4470 unchanged.

This position was opened last Friday. I deposited 30,000. As of now, the total profit is 9982 USD. Currently, unrealized profit on open positions is 2636 USD. I withdrew 2000 USD today! #黄金 #伦敦金 $XAU

Hold the short order open, #黄金 #伦敦金 $XAU

In the short-term hourly chart, price has fallen into a technical pullback. Although the unemployment claims data is a mild bearish factor, the KDJ indicator lines on the hourly timeframe have formed a bullish cross and are trending upward. However, there is also a nearby resistance above at around $4,600. On the larger timeframe, the four-hour downtrend channel (the air-drop) remains unchanged. In the coming period, it is likely to enter a sideways-to-downward move. If you currently hold a short position in line with my trades, there’s no need to keep fiddling—just continue holding the short, and keep your take-profit and stop-loss in place!#黄金 #伦敦金 $XAU

Update
4630 hung up an empty #黄金 #伦敦金 $XAU

During the afternoon European session, I said, “The early-morning sharp rise can’t last; if the Europe session breaks the bottom, the US session will go down!” This trading mantra isn’t 100% accurate, but you can be sure that about 80% of the market will follow these rules.

In the afternoon, during the European session, the gold price consolidated around 4600 for nearly two hours. After around 5:00 PM, the bears suddenly gained momentum, breaking below the intraday new low. The gold price fell to a low of 4569 dollars. For the evening trade, according to the mantra, there is an 80% probability that the decline will continue. In the evening, watch the 4605 area for moving-average resistance. The extreme resistance is around 4635, near the upper rail of the downward channel.

My personal suggestion: in the evening, you can try a short position with a small position size around 4600. Set a stop loss above 4610. If the evening unemployment data is favorable for gold and the bounce is relatively strong, then you can try setting up another short position near 4630, with a stop loss above 4640. All targets are to the downside, looking at 4550! #黄金 #伦敦金 $XAU

Bought the empty order and averaged into 4599; I re-adjusted all stop-losses to 4640. Take-profit remains 4470. #黄金 #伦敦金 $XAU

昨天开仓的4629小中线底仓空单，今天在4621补同等仓位，目标4470不变，同时止损下移直4630。晚上若金价能反弹到4600打算继续补仓南下！#黄金 #伦敦金 $XAU