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7.10 Gold bottomed out and rebounded still between the triangles, first short and then long in the day

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Without the depth of the blue sky, there can be the elegance of white clouds; without the magnificence of the sea, there can be the elegance of the stream; without the fragrance of the wilderness, there can be the emerald green of the grass. There is no seat for bystanders in life, we can always find our own position, our own light source, and our own voice.

Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: 7.10 gold bottomed out and rebounded still between the triangle, short first and then long in the day." Hope it will be helpful to you! The original content is as follows:

Your profit www.xmhouses.comes from other people's losses. In other words, when someone makes mistakes, the market will have profits that can be earned by others, but you cannot calculate and predict how many people will make mistakes and how big the mistakes will be made in the next step, and you cannot guarantee that you will stand on the right side every time. So, in trading, the only thing you can do is to try to make the shorter the time of the mistake, the better when you make a mistake. The rest is to wait for others to make mistakes and encourage each other!

Yesterday, gold fell first and then rose. The price pierced and recovered after falling to the medium-term upward trend line. In the evening, it stabilized after repeatedly bottoming out. After breaking through 96, the trend reversal appeared on the five-minute chart. It continued to rise to 3312 and then fell back to the 16 line again. From the perspective of the trend, the price still did not fall below the upward trend line. However, the fluctuation amplitude of the triangle is getting smaller and smaller. No one knows whether it is upward or down in the end, but chooses two sides to operate between breakthroughs, and the breakthrough will follow the trend. At present, the daily chart suppression is still near the short-term 26-day 3338. This is exactly the four-hour online line. The horizontal pressure is at the 3326 line. Four hours after the upward trend last night, there was a suspended upward movement. There is a process of pullback confirmation. The support focus below is 3292 line, short period of 30 minutes 04, hour chart 98. Based on several cycles, if the oscillation triangle is treated, the fallback is in the 04-98 area, and the upper is at two points 26-38 here. Breakthrough 42 and closing above is considered an effective breakthrough. The same below isThe sample is also a break below 82 and close below 80. It is considered an effective breakthrough, and the closing of the hourly chart shall prevail. Therefore, the conclusion is as follows: segmented operation, the long and shorts above the rhythm can be followed after breaking through, so the conclusion is as follows:

Pressure 26-38-52-60 supports 92-80-65-50

Asian 3326 first short first, look at 12-04-98 and then backhand long, look at 17-25-38. At any time of the day, break through 80 or 42, fall back or pull back slightly, follow up with the trend, and refer to the support and pressure.

Pound Day: The upward trend has not changed, but a short-term correction pattern appears, and short orders of 199.3 and 200.5 are selected for entry in the day.

Oil: The 200-day line is continuously suppressed, and according to the formula of one trial, two trials, three breakthroughs, three not breaking through four reversals, today it surges upwards and closes 68.2-5 and try short, breaks 68.7 and walks downwards 67-66.3.

Pound and US: The Japanese chart has not turned, and the four-hour range is fluctuating, and the point is grasped at 1.3460-1.3665 range to sell high and buy low.

The above ideas are for reference. The market is risky and investment should be cautious.

Trading is for profit, not for being angry or for trading, so traders must understand what actions the price is at! Traders are not eternal longs, nor are they eternal shorts. Traders are always changing with the changes in the market! Traders must have their own defense system to control risks! Risk control and fund management must be available in your transactions!

The above content is all about "[XM official website]: Gold bottoming out and rebounding in 7.10 is still between the triangle, first short and then long in the day", which is carefully www.xmhouses.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!

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Previous：Fed officials consider next decision to cut interest rates, dollar index weak Next：Gold rebounded non-reversal, and the current price in the morning was 3323 and it was directly short!

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7.10 Gold bottomed out and rebounded still between the triangles, first short and then long in the day

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Trusted by over 15 Million Traders

The Most Awarded Brokerfor a Reason

Easy Access to 1,400+ Global Assets

XM Forex Trading Platform

CATEGORIES

News

market analysis

7.10 Gold bottomed out and rebounded still between the triangles, first short and then long in the day

Related News

The Most Awarded Broker
for a Reason