9.10 Gold Short-term Technical Analysis
Gold closed two cross-yin lines in a row on the weekly line. On Friday, it rose and fell, which highlighted the signal of strong short-term strength. Although the current gold price is still above the short-term moving average, and the short-term moving average also forms a short-term support in the 2490 area, the upward momentum is obviously beginning to show weakness. On the whole, the weekly line, the short-term still has an advantage in the short-term, and it is likely to continue to extend the low, and it is expected to reach the 2470 area again this week.
This week, we need to focus on the previous two double-needle bottoming positions around 2470. In terms of the closing of the weekly and daily lines, the downward trend is obvious, and it is expected to continue to bottom out. If the position cannot be supported, then the profit of gold shorts will definitely fall sharply. In terms of intraday operations, long orders are not considered for the time being. Short orders can be participated in the rebound near 2508
Detailed intraday operation strategy:
Short gold rebounds at 2508, defend 2515, target 2495-2480
This week, we need to focus on the previous two double-needle bottoming positions around 2470. In terms of the closing of the weekly and daily lines, the downward trend is obvious, and it is expected to continue to bottom out. If the position cannot be supported, then the profit of gold shorts will definitely fall sharply. In terms of intraday operations, long orders are not considered for the time being. Short orders can be participated in the rebound near 2508
Detailed intraday operation strategy:
Short gold rebounds at 2508, defend 2515, target 2495-2480
Note
Sell:2505 2508 2510
Buy:2480 2485
Related publications
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.