From the daily level, although gold closed with a negative line yesterday and was below 2890, it did not start a downward trend as some market participants expected. These people, obsessed with the fact that the high price of gold is difficult to sustain, prematurely judged that the market will fall sharply, ignoring the tenacity of the gold bull trend and the essence of the squat phenomenon. Today, the price of gold has been rising all the way, showing strong upward momentum. If the daily closing price can stand firmly above 2910, the price of gold is expected to rise further tomorrow and test the resistance level of 2930. At the 4-hour level, the short-term upward momentum is strengthened. If the price of gold can break through the lower middle track today, it will be a time to continue to be bullish, relying on the MA5-day above 2900, and the upper resistance level will be re-looked at the 2930 line. As for whether it can directly break through 2930, we still need to pay attention to tomorrow's CPI data. From the analysis of the 4-hour gold trend, we focus on the short-term support of 2897-2903 below and the short-term suppression of 2930-35 above. In terms of operation, we can do some shock operations around this range. Once a breakthrough occurs, we can continue to follow up in the later stage. In the middle position, we should watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy in the trading center, and pay attention to it in time.
Gold operation strategy:
1. Short sell at the 2930-35 line when gold rebounds, stop loss at 2943, target 2897-2903 line;
2. Long sell at the 2897-2903 line when gold falls back, stop loss at 2888, target 2930-35 line, and continue to hold if it breaks;
The above strategy is only David's personal opinion and is for reference only. If you follow up, please be strict. With the protection of stop profit and loss, the trading strategy reference given by David is only a numerical reference during trading, and all operations are based on real-time orders.
Gold operation strategy:
1. Short sell at the 2930-35 line when gold rebounds, stop loss at 2943, target 2897-2903 line;
2. Long sell at the 2897-2903 line when gold falls back, stop loss at 2888, target 2930-35 line, and continue to hold if it breaks;
The above strategy is only David's personal opinion and is for reference only. If you follow up, please be strict. With the protection of stop profit and loss, the trading strategy reference given by David is only a numerical reference during trading, and all operations are based on real-time orders.
Note
Congratulations to the traders who are long at 2906 for making a profit, let us look forward to the next TP
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Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.