Hello everyone, I am the old beep, gold yesterday pierced 1830 after the pullback of 5 dollars, again stood on the 1830 position, the highest at 1836 to stop the rally, tonight waiting for the cpi data stimulus, the data market we are not increasing the position, most of the yesterday between 27-29 has taken profit, and there are positions on hand, you can move the stop loss up to 1825-1827, look at your own situation, I personally put it in 1827, do not want to take profits back too much.
Screenshot of the previous article
After gold broke through the 1830 position yesterday, it was not able to rise sharply, so the take profit in the hand was placed near 1844, no longer looking at 1850, but you can try to short above 1845, stop loss at 1850, directly plus two dollars of moving stop loss, note that the short position should be reduced by at least half of the position to do. The current trend of gold is roughly the two kinds of analysis yesterday, if the red trend line above the breakthrough is the yellow part, the breakthrough below the blue trend line is the white part, it depends on which side breaks first, as shown in the following figure analysis
Crude oil, starting from the lows upwards, has come out of a full structure, as shown in the following figure:
Regardless of the above, the main thing we look at is the last wave of rise, that is, the 4-5 segment of the first chart, cut to the 4h cycle to subdivide it:
You can see that the last wave structure is also satisfied, as to whether the final is extended, we only need to pay attention to the position of 87, if the breakthrough can confirm that the pullback has begun, otherwise the new high extension, or let the bears drink a pot.