【3/27】Do not change the selling perspective; this is the basis for it
In a market where selling is favored, it’s hard to enter—years ago I would rush in on days like this and repeatedly cut losses.
Today's GOLD, by the numbers, is selling-favored.
However, my answer is "Today, wait." I’ll整理 the reasons for that.
Today's Market Situation
Current price is $4,426.285. Recently it fell sharply to around $4,348, then recovered slightly.Looking at the 1-hour chart, the EMA (Exponential Moving Average) sequence continues with the short-term EMA20 (4,425) , mid-term EMA75 (4,475) and long-term EMA200 (4,624) ordered from bottom to top in a downward sequence. The RSI (Relative Strength Index), which indicates overbought/oversold conditions, is currently 48.07, below 50, showing a selling-favored mood.
On the 4-hour chart, the EMA sequence is similarly downward, and RSI is 42.95. From a larger perspective, continued downtrend is suggested.
In short, the chart as a whole remains selling-favored. It’s in a rebound/returning phase.
Gogo Taro's View
This article is a personal analysis and does not constitute investment advice or solicitation. Please make trading decisions at your own risk.If the price retraces to about the 1H EMA75 (around $4,475) and faces resistance there, I see it as a potential short-entry candidate.
On the other hand, if it clearly breaks above $4,475, I think it’s necessary to reset the selling bias. The current price is $4,426, moving between the previous day’s low of $4,349, and we are at a stage to see which way it will move.
My conclusion today is that I don’t find a point where a reasonable RR (risk-reward ratio) is attainable, so I will refrain from entering.
Today’s Reference Lines
Today there is no point meeting RR1.5, so I will refrain from entering. The following are for reference only.
▼ Short (reversal) Reference
Reference Zone: $4,470–$4,480 (Reason: 1H EMA75)
Reference Take Profit: $4,350
Reference Stop Loss: $4,595
Expected RR: 1.0
Note: RR criterion (1.5) not met. These are educational reference values. Please make actual trading decisions yourself.
Important Lines
Resistance ①: $4,474.734 (Reason: 1H EMA75)Resistance ②: $4,571.554 (Reason: previous day high)
Support ①: $4,425.058 (Reason: 1H EMA20)
Support ②: $4,348.650 (Reason: previous day low)
1H EMA200: $4,623.632 (this line acts as a major ceiling)
Today’s Quick Word
“Not moving on days without a basis creates leeway for tomorrow.”
This article is a personal analysis and does not constitute investment advice or solicitation. Please make trading decisions at your own risk.
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