Gold SpotShort
Will gold fluctuate in a range this week?
Updated
Yesterday, gold technicals saw a small rebound in volatile trading, then fell under pressure. The price in the Asian and European sessions stabilized and rebounded at the 2650 mark. The European session gold price quickly rose and pierced the 2664 mark, then fell under pressure and fell into a narrow range of fluctuations. The US session continued to fall to the vicinity of the 2650 mark and closed at a high and fell back in a narrow range of fluctuations. The overall gold price showed a pressure pattern at the 2664 mark as expected, and the short-term weak short adjustment continued. Yesterday, we notified short selling near 2660 many times. Short selling is still the mainstream today.
From the 4-hour analysis chart, today's upper resistance is still concerned about the 2660-62 mark. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target is still concerned about the break of the 2640-43 line. The short-term gold price short weakness dividing line is the 2670 mark. Before the daily level breaks through and stands on this position, any rebound is a short-selling opportunity. Maintain the main tone of participating in the trend, and do not participate in the counter-trend long orders.
Gold operation strategy:
1. Gold rebounds to 2658-2662 line short, stop loss 2671, target 2635-2642 line;
Trade active
From the 4-hour analysis chart, the upper resistance of the US market is still concerned about the 2658-62 mark. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target is still concerned about the break of the 2635-40 line. The short-term gold price short weakness dividing line is 2670. Before the daily level breaks through and stands on this position, any rebound is a short-selling opportunity. Maintain the main tone of participating in the trend, and do not participate in the long position against the trend. Still maintain the trading strategy given before
Gold operation strategy:
1. Gold rebounds to 2658-2662 line short, stop loss 2671, target 2635-2642 line;
Trade closed: target reached
Yesterday, the technical aspect of gold ushered in a suppressed pullback and fell in the volatile trading. The European market was under pressure at the 2658 mark and quickly weakened. The US market fluctuated downwards and pierced the 2633 mark, stabilized and closed with shock. The daily K-line closed negative, and the overall gold price The short-term long and short shocks around 2633-2665 In the short term, the price of gold is in an extremely weak short position. Friends who have followed my article can see that the recent trend has been mainly rebound short selling. Today we continue to treat it with the rebound short thinking and continue to pay attention to the 2656-2665 first-line suppression above. , continue shorting if the rebound does not break.
Judging from the current 4-hour analysis, focus on the 2656-2665 first-line suppression at the top, and the 2625-2630 first-line support at the bottom. The operation is still mainly rebound short selling. In the middle position, watch more and move less, pursue orders cautiously, and wait patiently for key points to enter. field.
Gold operation strategy:
1. Gold rebounds to 2658-2665, short at 2671, stop loss at 2671, target at 2635-2642;
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