Technical analysis of gold: The price of gold retreated yesterday and touched a low of $2,369, and finally closed at $2,383. The daily line recorded a small Yin cross star, and the price was running between the short-term and long-term moving averages. The Bollinger Bands were not completely closed, and the MACD double-line dead cross diverged downward, but the green kinetic energy column did not increase. Yesterday, gold opened high and rose to the 2400 mark and then began to fluctuate and fall. I clearly emphasized that it was based on the 2400 mark area to look down! Then a wave of plunges in the evening once bottomed out at 2370. The 30-dollar plunge was expected to fulfill the expectations! The current market has once again fallen into a relatively low area for box consolidation! At present, the key area for the current round of long and short turns is here at 2400! Today, as long as the price runs below 2400, the overall weak pattern will not change!
The current market is actually relatively clear. Since noon yesterday, the gold price rebounded and did not exceed 2396. Today, you can rely on this point to go short. 2396-97 is the key resistance level. The short-term resistance is at 2393. It rebounded from 2376 in the morning. It can directly enter the market to short when it touches 2392 for the first time. You can directly enter the market near 2391, which is a more aggressive point. You can defend near 2398. Once it breaks through 2396-97 during the day, it means that yesterday's decline will be completely reversed. The market will continue to fluctuate at high levels during the day, and the operation range of 2380-2400 will be maintained. On the contrary, if it fails to break through 2396, the support of 2372-73 will still be the focus. This is the first time to consider taking long opportunities during the day. On the whole, the short-term operation strategy for gold today is to focus on rebound shorting and callback longing. The short-term focus on the upper side is 2393-2395 resistance, and the short-term focus on the lower side is 2370-2373 support.