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11.6 gold shock bottomed out, waiting for a new round of upward movement

Wonderful introduction:

Optimism is the line of egrets that go straight up to the sky, optimism is the thousands of white sails on the side of the sunken boat, optimism is the luxuriant grass blowing in the wind at the head of Parrot Island, optimism is the little bits of falling red that turn into spring mud to protect the flowers.

Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Official Website]: 11.6 Gold Shock Bottoming www.xmserving.completed, Looking Forward to a New Round of Upward". Hope this helps you! The original content is as follows:

Your profits www.xmserving.come from other people's losses. In other words, when someone makes a mistake, profits will appear in the market that can be earned, but you cannot calculate or predict how many people will make a mistake next, or how big of a mistake they will make, and you cannot guarantee that you will be on the right side every time. Then, the only thing you can do in trading is that when you make a mistake, try to make the mistake as short as possible. The rest is to wait for others to make mistakes and encourage each other

On Tuesday, gold www.xmserving.completed its downward trend and opened a rebound near 3930. In the analysis on Tuesday, it was mentioned that the last inversion adjustment would lead to a new round of counterattack. However, the closing was not ideal and basically closed at a low level. This also caused yesterday’s analysis to be bearish. Although The total profit from shorting was yesterday, but at least the direction was misled. Today, the daily chart was overcast on Tuesday. The bulls replicated two-thirds of their losses yesterday, and also broke through the second high point of the decline rebound at 3976, with the highest reaching 90. Although it is still volatile, at least it is not extremely weak. The market situation can be understood as the success of bottoming out on the daily chart, and the market outlook is turbulent and starting a new round of rising market. As for where it can go, we must first look at the breakthrough of 4030-50 above. A breakthrough can open a new opening. The gap on the daily chart is now around 3943-45, and it has returned to the long and short point in early trading. After a recent rise, the European market is expected to fall back and continue to rise. The focus above is on the suppression of 93, so the two options are to fall back more, and the second is to break through and fall back to follow the trend, so the www.xmserving.comprehensive conclusion is as follows:

In terms of operation: fall back to 68-75 and enter the market with the five-minute signal, if it is strong, it cannot break 74. If it breaks, it is a shock. You can give more to 43-36 throughout the day. Look at 90-93 to break through and fall back, 86-85 to follow the trend, and look at 4000-05-20-30-50.

The above ideas are for reference. The market has risks, investment needs to be cautious, good luck is with us. Trading is for profit, not for gambling or trading, so traders must understand what stage the price is at and what action to take! Traders are not always long, nor are they always short. Traders always change with the changes in the market! Traders must have their own defense system to control risks! Risk control and fund management are must-haves in your trading!

The above content is all about "[XM Foreign Exchange Official Website]: 11.6 gold shock has bottomed out, waiting for a new round of upward movement". It was carefully www.xmserving.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!

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Article address:https://www.xmserving.com/en/news/51150.html

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11.6 gold shock bottomed out, waiting for a new round of upward movement

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11.6 gold shock bottomed out, waiting for a new round of upward movement

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