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Poetry, tea, and gold:8.30Gold daily trend with consecutive positive and single negative patterns, crude oil correction waiting to rise

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The most important thing about investing is to do it as soon as you reach the right spot! If you don't reach the right spot, you'll see. Success doesn't rely on luck, choice is greater than effort! I hope that the articles on poetry, tea, and gold can bring you valuable insights. If you need to learn more about investment, trading techniques, operational skills, andKKnowledge such as lines can be exchanged and communicated with oneself
Poetry, tea, and gold:8.30Gold daily trend with consecutive positive and single negative patterns, crude oil correction waiting to rise21 / author:Poetry and Tea on Gold / PostsID:1188854

  Fundamentals


Last night's announcement of the second quarter GDP growth rate in the United States was revised upwards to4.2%, higher than previous4%For the best performance in the past four years, the US stock market has been boosted, with the S&P 500 index hitting a new historical high for four consecutive days. However, the US dollar did not rise due to the stock market's sharp rise, but instead fell slightly, and gold prices remained stable1200Gaining support and rebounding, it will hit again today1210Pass, if we break through1210,goldWill continue to soar!


  Gold


Gold as a whole is above the support of the upward trend line, although1214Kill and fall to1200The force is not small, but it only falls back to1183The increase in magnitude50%It cannot constitute a bearish reversal, as bulls still dominate. yesterdayKThe line is also reported as a small positive line,1The hour level has stepped out of a small upward channel, indicating that1200The support is still effective, and the market will continue to rise again with the support.


GoldH4Trend chart analysis, gold stabilizes the next day1201The US dollar fluctuated and rose, with the four hour Bollinger Bands gradually shrinking,H4The downward trend of Bollinger has flattened, and the long-term gold is still in an upward trend. Today, the support below gold is focused on the position of the downward trend line1199USD, upper pressure attention1210dollar,Take a closer look1215USD, Breakthrough1215The US dollar can only open up further upward space. In short, today's view is that,1198-1200The first line is unbreakable, and the short-term trend is relatively strong. This wave of rise constitutes aNThe font and neckline are1189-1200frontline,4The waterfall line of the hour is also a folding line, with multiple signal resonances. If this resonance is not broken in the short term, the overall market will still be bullish.


For specific operations, pay attention to the above1208Pressure level, if broken through, will continue the upward trend, breaking through1210see1215Nearby; Follow Below1200Support, unbreakable1200A pullback is a great opportunity to go long,1201It's an excellent way to do long positions.
Poetry, tea, and gold:8.30Gold daily trend with consecutive positive and single negative patterns, crude oil correction waiting to rise410 / author:Poetry and Tea on Gold / PostsID:1188854

  crude oil


Crude oil further hit a weekly high yesterday. The Asian market held onto the previous day's low point68.20The upward consolidation is gaining momentum, with the European market slightly rising, while the US market is benefiting from the decline in US crude oil and gasoline inventories. US sanctions have deterred buyers, leading to a decrease in Iranian crude oil shipments. Boosting oil prices in the short term into a wave of upward movement, reaching the highest point69.70.Daily chart harvest with a bullish line.


Full daily breakthrough69.20At a high point, today's level has been converted into support. With the consolidation and accumulation of momentum in the first three trading days of this week, the moving average indicator has risen, and there are signs of consecutive positive lines on the weekly chart. Both daily and weekly charts show an upward trend.


Short line chart:4Horizontal consolidation and stability during the hour68.20Support, although there was a virtual breakthrough and a downward trend, fortunately the recovery was completed yesterday, and the wave shape rose as the breakthrough pushed the accumulation of momentum and energy. The critical point of short-term bullishness is at68.20.The support point is at the break point69.20.Just step back and break through the position one more time within the day.


  Suggestions for crude oil operation:


  1、69.20-69.0Go long and lose68.70, Objective69.8-70.50.


Real time changes in the market, including daily market analysis, unpacking strategies, and guidance on medium - and long-term layout. We welcome like-minded individuals to come and have a long conversation!
Poetry, tea, and gold:8.30Gold daily trend with consecutive positive and single negative patterns, crude oil correction waiting to rise269 / author:Poetry and Tea on Gold / PostsID:1188854

【 Poetry, Tea, and Gold Message 】


The way of trading is gradual and step-by-step. When we miss the beginning of a trend, there is no need to worry about whether to participate in the end of the trend. The market is like a fish, eating the fish's head requires courage and courage, and eating the fish's tail not only carries great risks but also does not necessarily have meat. Therefore, we can only wait for the market direction to be clear before participating in the fish's body part, and trading can only be like this. Therefore, do not be blinded by superficial vanity. Opportunities often appear in desperate situations, and persevering through the final darkness is victory! Sometimes, your eyes just stare at the dark clouds and don't let go. What you hold on to may not be what you expect, but what you let go of is what you want.


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