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8.6 Gold bottomed out and broke high as scheduled. Today, it was short and then continued to be bullish.

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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: 8.6 gold bottomed out and broke high as scheduled, and today it will be short first and then continue to be bullish." Hope it will be helpful to you! The original content is as follows:

Your profit often eouu.cnes 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.

Gold fell first and then rose yesterday, and then broke through the intraday high point in the evening and then pulled up the highest level of 3390. The closing closed with a cross star line with an upper and lower shadow line. As expected from the early review, from the current trend, the bullish trend has not changed, and the moving average is arranged in a long line, but it has approached the acceleration line for four hours and formed a downward pressure, so it has entered the long risk area in the short term. It is not advisable to chase long at the high level. The hourly chart horizontally flattened the price closed below the upper line. Although it did not break the moving average, the indicator has turned around. Today's expectation is still yesterday's reprint first and then upward, so today's eouu.cnprehensive adjustment first and then continue to rise.

On the operation: the area of falling back 3357 is large, the top view is 3380-93 breaks, and the early trading is 3386 and the short position is 73-57. The place is long.

Pound Day: Adjustment remains unchanged, and the adjustment is maintained at 197.3 during the day, and the adjustment is lower than 195-193.8

Pound US: Oversold rebound, pay attention to the rebound at 1.3250 during the day, and recover the downline and increase positions.

Oil: Organization of Petroleum Exporting Countries(OPEC) issued a statement on the 3rd saying that the eight major oil-producing countries among OPEC and non-OPEC oil-producing countries decided to increase the average daily output by 547,000 barrels in September. Representatives from Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman held an online meeting on the same day to discuss the situation and prospects of the international oil market. The statement said that given the current solid market fundamentals and oil inventories are at a low level, eight countries decided to adjust their output. At the same time, the eight countries will flexibly adjust the pace of production increase according to market conditions to maintain stability in the oil market.

Technical: The daily chart will not change, and the daily chart will remain 65.6 and the daily chart will be adjusted below, and the lower is 64.5.

The above ideas are for reference. The market is risky and investment should be cautious.

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 Forex Official Website]: 8.6 gold bottomed out and broke high as scheduled, and today it was short and then continued to be bullish". It was carefully eouu.cnpiled 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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8.6 Gold bottomed out and broke high as scheduled. Today, it was short and then continued to be bullish.

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Trusted by over 15 Million Traders

The Most Awarded Brokerfor a Reason

Easy Access to 1,400+ Global Assets

XM Forex Trading Platform

CATEGORIES

News

market analysis

8.6 Gold bottomed out and broke high as scheduled. Today, it was short and then continued to be bullish.

Related News

The Most Awarded Broker
for a Reason