Golden Monday Strategies and Signals
Updated
Gold, last Friday's non-agricultural benefit was good for gold, once again showing the momentum of an upward breakthrough, and it started to retreat after hitting the highest level near 2004. Unfortunately, this upward wave did not have too much continuity, but the speed of the retreat was also too high. Soon, as the saying goes, the long and short positions in the short term will once again fall into a certain degree of shock. There is not much controversy in the follow-up on Friday night, it is just a small shock, and for now , Friday’s counterattack is likely to be the last washout for the shorts. Judging from the support effect of the daily line, the upward strength of the bulls has weakened, the support effect is somewhat shaky, and the key pressure port above will also remain at the 2000 line , then this position will also be an important suppression point for gold next week, and the support below is also Friday’s upward starting point 85 line. At present, the overall trend is still bearish on the market, and next week gold will still be around below 2000 Go short.
Short-term operation strategy:
sell1999-1997 sl2005.5, tp1988-1985
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