Gold, 7/13 Today's Must Reads
In gold, yesterday's big sun breakout, four very good phenomena:
1, the first time since the daily pullback to break the 3-yang pattern.
2, the breakthrough of the previous suppression level of 1936, and it is a significant breakthrough, indicating that the breakthrough is valid.
3, the price is also slowly recovering above the short-term averages.
4, the pattern of the cycle up has not changed, or the U.S. disk force, at the same time, the current pattern, more resistant to fall, the U.S. disk continuity is still relatively strong.
This means that the next retracement, are going to BUY.
One thing that is more regrettable is that there is no intervention point for the buy in the center line. On the one hand, the price did not adjust to the expected position, on the other hand, the pattern of the conversion is not in line with the long, at the same time, the cycle of oscillation is too long. Giving everyone a false impression.
A better point, from the turn of the sun up, we have used two points have been avoiding the short:
1, the h1 hourly streak of positive single negatives, potentially long.
2, the cycle up in the US market.
At least every day also talked about the rhythm of the rise, the potential signals of this process must pay attention to good.
And yesterday's technical point, although it is with the help of the CPI rise, but still went a perfect cycle, the United States disk force rise, the price in the United States continued to high sideways, almost no fallback.
For today, a small break higher in the morning, and according to the current pattern, another morning rising pattern. But it's all small yang, which will either continue to rise with a big yang and go for a sprint, or it's just a shock until the US session.
Resistance level 1971-2 line, if the day quickly touched, can sell, loss 77, the target to see 1963-4 line.
And if it is sideways, then continue to look at the bottom of the evening.
Support 1950-1 a line, this retracement in the morning did not touch, the evening retracement, is the bottom of the recovery, go small cross or small Yang form.
So, buy no courage to layout directly, can only wait for the U.S. disk to see the opportunity of the second operation.
1, the first time since the daily pullback to break the 3-yang pattern.
2, the breakthrough of the previous suppression level of 1936, and it is a significant breakthrough, indicating that the breakthrough is valid.
3, the price is also slowly recovering above the short-term averages.
4, the pattern of the cycle up has not changed, or the U.S. disk force, at the same time, the current pattern, more resistant to fall, the U.S. disk continuity is still relatively strong.
This means that the next retracement, are going to BUY.
One thing that is more regrettable is that there is no intervention point for the buy in the center line. On the one hand, the price did not adjust to the expected position, on the other hand, the pattern of the conversion is not in line with the long, at the same time, the cycle of oscillation is too long. Giving everyone a false impression.
A better point, from the turn of the sun up, we have used two points have been avoiding the short:
1, the h1 hourly streak of positive single negatives, potentially long.
2, the cycle up in the US market.
At least every day also talked about the rhythm of the rise, the potential signals of this process must pay attention to good.
And yesterday's technical point, although it is with the help of the CPI rise, but still went a perfect cycle, the United States disk force rise, the price in the United States continued to high sideways, almost no fallback.
For today, a small break higher in the morning, and according to the current pattern, another morning rising pattern. But it's all small yang, which will either continue to rise with a big yang and go for a sprint, or it's just a shock until the US session.
Resistance level 1971-2 line, if the day quickly touched, can sell, loss 77, the target to see 1963-4 line.
And if it is sideways, then continue to look at the bottom of the evening.
Support 1950-1 a line, this retracement in the morning did not touch, the evening retracement, is the bottom of the recovery, go small cross or small Yang form.
So, buy no courage to layout directly, can only wait for the U.S. disk to see the opportunity of the second operation.
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