Gold remains on a roller coaster ride this week
Updated
Through the analysis of the gold 4H chart, we know that gold rose after falling in the early trading, and has now fallen above 2330. In the short term, at least the 30-day moving average below has not been broken, so there is no way to talk about the falling market. It rebounded to the pressure level of the 10-day moving average above and was blocked and fell back. Once it breaks through 2320 with large volume, it may weaken. The short-term rise remains unchanged. The operation continues to focus on buying on dips. The specific suggestions are as follows:
Gold 2320-2325 long, stop profit 30 US dollars;
Gold 2350-2355 short, stop profit 15 US dollars.
Gold 2320-2325 long, stop profit 30 US dollars;
Gold 2350-2355 short, stop profit 15 US dollars.
Trade active
There is an opportunity for bulls to join at present, currently 2340
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