Gold's short-term structure is weak
Technical analysis of gold (opening trend of US market)
Current trend analysis
Gold continued its recovery trend after the opening of the US market, and maintained a narrow range of fluctuations in the 2565-2575 range in the short term. The recently released commercial data failed to have a decisive impact on the trend of gold prices, and the market is still in a stage of convergence and consolidation.
Daily line analysis
The daily line level shows that gold has been adjusting downward continuously, and the short position is still dominant. At present, the support of point A in the previous rising band is concerned below, while the upper pressure level is located at the upper edge of the channel near 2585. Before breaking the important support, the gold price is still mainly fluctuating and weak.
Hourly line analysis
From the hourly line, the gold price is under pressure at the 2575 line, and the trend forms a typical "M head" structure, accompanied by a gradual decline. The current short-term support is at the 2554 neckline. If it breaks down effectively, gold may further test the support near 2533. In terms of overall rhythm, gold shows a fast decline and slow rise, and the short trend is dominant.
Operational ideas
Combined with the current technical situation, gold continues to fall after being under pressure from high levels, and the short-term short-term thinking is mainly maintained:
Short-term short-term layout: You can choose to participate in short selling in the 2565-2560 area;
Risk control: Set a stop loss above 2575. Once it breaks above, the short-term short trend will be broken;
Target reference: Pay attention to the gains and losses of the 2554 support level below. If it effectively falls below, the target is around 2533.
The current market structure shows obvious short signals. For investors who have not entered the market, there is still a certain opportunity to participate at this position, but risks need to be strictly controlled.
Current trend analysis
Gold continued its recovery trend after the opening of the US market, and maintained a narrow range of fluctuations in the 2565-2575 range in the short term. The recently released commercial data failed to have a decisive impact on the trend of gold prices, and the market is still in a stage of convergence and consolidation.
Daily line analysis
The daily line level shows that gold has been adjusting downward continuously, and the short position is still dominant. At present, the support of point A in the previous rising band is concerned below, while the upper pressure level is located at the upper edge of the channel near 2585. Before breaking the important support, the gold price is still mainly fluctuating and weak.
Hourly line analysis
From the hourly line, the gold price is under pressure at the 2575 line, and the trend forms a typical "M head" structure, accompanied by a gradual decline. The current short-term support is at the 2554 neckline. If it breaks down effectively, gold may further test the support near 2533. In terms of overall rhythm, gold shows a fast decline and slow rise, and the short trend is dominant.
Operational ideas
Combined with the current technical situation, gold continues to fall after being under pressure from high levels, and the short-term short-term thinking is mainly maintained:
Short-term short-term layout: You can choose to participate in short selling in the 2565-2560 area;
Risk control: Set a stop loss above 2575. Once it breaks above, the short-term short trend will be broken;
Target reference: Pay attention to the gains and losses of the 2554 support level below. If it effectively falls below, the target is around 2533.
The current market structure shows obvious short signals. For investors who have not entered the market, there is still a certain opportunity to participate at this position, but risks need to be strictly controlled.
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