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8.7 Gold was perfectly taken by all yesterday, and the 80-stop area was first in the morning trading today
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Hello everyone, today XM Forex will bring you "[XM Group]: 8.7 gold was perfectly taken yesterday, and the 80-stop area was the first in the morning trading today." Hope it will be helpful to you! The original content is as follows:
Your profit often www.xmspot.comes from the losses of others. Every price fluctuation is hidden in the judgment deviations of market participants and the decision-making mistakes. However, we cannot predict who will make mistakes in the next moment, nor can we guarantee that we will always be on the right side. In this game, the only controllable thing is how to control the losses to the minimum range when you make a mistake. The essence of trading is to wait for others' mistakes through constant trial and error, and to capture profit opportunities from them.


Yesterday, gold was the same as the height of the early review and European session analysis. The price fell directly at 85.2. We fell back at 82.3 and entered short. The European Review gave a second rebound of 77-78 short, giving a target of 68-57. The long on the first order of 58 was also perfectly pulled to 80. The overall long and short were perfectly connected throughout the day, and the profit was locked in the pocket again.
Today, the upward trend of the daily chart has not changed, and the price is still running above the moving average, but it is a bit meaningful to close three small crosses K at a high level. At the same time, the side pressure at the high point of 3438.5 also appears. There are two situations like this: one is a turning point, and the other is to accumulate momentum. Now we don’t need to give a dead position, keeping the bulls above 3345 and ending the rebound below. The upper part continues to look at the upper line of the daily chart at 3415, and the short-term suppression is the side pressure 3381-82 here, which means that the bottoming out and rebounding is treated according to the principle of breakthrough.The early rebound is the above. The defense is short-short below. The price is now running between the upper and lower lines in four hours. The span is relatively large, and the meaning is not much. The span distance between the two sides is not much. So based on several cycles, we will continue to short first and then long today. Break through the side pressure and follow the trend. If we give the bottom line, we will defend it even more. We will not chase the higher at a high level and then add a few dozen losses. When the rise is still boasting that it will rise sharply. If it loses and rises to 5,000, it has nothing to do with you. So everyone grasps a principle. The current market is a wide fluctuating market, not a market that rose by 100 a day in the previous period. If you look long, there is no longer a 30-dollar range. On the contrary, the same is true. Besides, your funds have a few stop loss of 30 US dollars. Many people think that the ability to trade is to look at the right market, be able to accurately judge the trend, seize the opportunity, and predict the turning point in advance. But the operating mechanism of the market never depends on understanding. What you see is the graph, the market operates in structural games; what you understand is the news, the market reacts to expectations; what you think is logic, and the market jumps in liquidity constraints. A truly mature trader is not trying to see through the market, but knowing that the market cannot be fully understood and can only half-solve, so he turns to identifying its potential energy structure. He has been too much trouble. The www.xmspot.comprehensive idea for today's Asian market is as follows: mainly short.
With 3384 as the defense, first empty around 80, look at 60-54-45, once the loss is lost, it will break through the side pressure, and then fall back and www.xmspot.combine with the market with a lot of the market. For more 45, the defense will be treated by the relay, break 40 and leave, and then continue to look at 3360-70. Behind the rebound, end the rebound.
Pound Day: Make the range, sell high and low between 196.15-198, and each defends 60 points.
Pound and US: Oversold rebound, pay attention to the 1.3300 line to rebound during the day, and defend 40 points.
Oil: Short near 64.5, loss 65, look at 63.5
The above ideas are for reference. The market is risky, so be cautious when investing.
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 Group]: 8.7 gold was perfectly taken all yesterday, and the 80 area was short in the morning trading today". It was carefully www.xmspot.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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