Gold, today's trading strategy technical explanation

Gold, yesterday, although a small negative, but still not to the agency bearish target level, the Asian market, the European market bottoming out, broke yesterday's low after touching the short target.

From the rhythm of the daily, out of the negative or worried about a series of negative, after all, the last time out of the negative, down 4 trading days before bottoming out, this time the cross turned negative, but also more worried about there is a continuation of the decline.
If we break down the pattern to the hourly inside, it is not difficult to find, with less yin and yang, the signs of weakness.
Therefore, today, the long side still need to be extra careful.

On the one hand, the Asian market continued to fall below the bottom, although only a puncture, the price did not fall continuously, but the watershed can be established, 1954 Asian market opening down mouth, if it is a continuation of the fall, then do not look at the reversal of the break.

In addition, the European market is very critical, yesterday's hourly second test high, but the European market even negative, which has the courage to continue to hold the empty single, if it is the European market break of 1954, then it is bound to shake in the evening, or even difficult to fall.

And the real weakness, the European market is very critical, but also the European market down is weak.

Third, the continuity of the market is not enough, yesterday's European market even down, the U.S. market if the decline in the process of two rebound when you can choose to sell, there is not much opportunity.

Therefore, the first time today is still very important.

From the point of view of h1 hourly line, aggressive suggestions 1953-55 position sell, sl58.

Focus on the European market, two points:
1, the watershed 1954, if the European breakthrough, then the U.S. market before the retracement of the sell order to close.
2, and yesterday, the same, suppression retreat, the U.S. market continue to look weak suppression, the target level can focus on the 1940-1 position.

Of course, conservative can only wait and see, look at the European performance after the U.S. market arrangements, if the European market up, the U.S. market to watch the show, the shock market, the European market is the focus, the daily closing is also very important.
Chart PatternsGOLD1!GOLD11gold1hTechnical IndicatorsTrend AnalysisXAUUSDxauusdlongxauusdshort

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