2019-03-18 00:18:34 Source: Global Forex
Analysis of gold trends next week:
This week, bulls rebounded after returning to yesterday's level of 1300. They lost some of the short-term technical benefits and had to stabilize above 1,300 to regain an upward trend. Currently, gold is hampered by the suppression of Brin's baselines and the map of clouds, and has not effectively broken the barriers of clouds, which increased the risk of gold falling. The KD dropped from the overbought levels, and the cloud of clouds also dropped. Further tightening of the bear's gold sentiment.
At the level of 4 hours, the fall in gold was suspended, the KD index reached the level of sales, and the decline in RSI also showed signs of slowdown, and the general trend of cloud clouds was flipped aside, and the trend of the return line and baseline was flattened. The drop in gold may be limited, and the short-term trend changes. The general trend line still has room for reflection, regardless of whether it can be collected above the 1303-1305 area this week, it will support the view that we can still see more next week. In general, the idea for the next Monday, based on Yunhua operations, is based mainly on callback, complemented by a high-altitude reflection, with emphasis on the resistance of the first line 1310-1312 and support of the first line 1300-1302.
Gold handling recommendations:
1. The upper reflection to line 1310-1312 is short, the stop loss is $ 4, and the target is 1302-1304;
2, the next return to the line 1300-1302, to do more, stop the loss of 4 dollars, the goal to see the line 1308-1310;
(Source: Global Forex Network)