Gold SpotShort
Gold trading strategy analysis
Updated
From the overall market trend, although the gold price has been supported by a certain amount of safe-haven fund inflows recently, the direction of the Fed's monetary policy is still the key factor in determining the medium-term trend of the gold price. With the changes in the US dollar and US Treasury yields, gold may continue to maintain a range-bound trend. Investors need to pay attention to the release of economic data and changes in market sentiment.
Technical analysis of gold: At the gold daily level, gold rose and fell yesterday, and the daily line closed with a small positive line with a long upper shadow, which means that the short-term will continue to maintain a weak downward adjustment;
As long as the 5-day moving average is always under pressure, the momentum of this wave of suppression from 2726 will continue; today's counter-pressure point is 2613, and the 5-day moving average resistance is 2616. The rebound pressure continues to be bearish; the 4-hour cycle is still judged around the gains and losses of the 10-day moving average. If it did not withstand pressure yesterday, it will continue to be weakly suppressed; the 10-day moving average has been tested, and it is still weak after a slight puncture;
At the hourly level, pay attention to the division resistance of yesterday's pullback 618 to calculate, which is about 2611. As long as the closing price tonight does not stand at 2611, then There is a high probability that it will repeat yesterday's move and weaken again. Yesterday, it was under pressure from the 618 split position at 2625 and then continued to be negative;
Well, considering that the US dollar has begun to stabilize and rise, silver has already tested lower in advance, and gold may not be able to provide resistance to 2611 and 618 today. To avoid missing out, you can test it in batches in advance. The lower support first looks at 2592-83. Once If it fails, it will test the lows of the previous two days at 2587-2583;
On the whole, the short-term operation of gold recommends shorting mainly on rebounds, supplemented by longs on callbacks. The top short-term focus is on the 2626-2631 first-line resistance, and the bottom short-term focus is on the 2605-2600 first-line support.
Trade active
For next week, the layout will still be mainly shorting at high levels. First of all, the first pressure level of 2638-42 will be the main reference pressure level. Gold can continue to short when it reaches 2638-42. The short-term pressure level of 2632 is our final defense level. As long as gold does not break through the 2642 line, it will remain weak. The closer the price is to 2638-42, the more favorable it is for us to short! From the daily and hourly lines, the shorts are pressing step by step, and there is still room for shorts.
From the 4-hour analysis, the upper resistance is focused on the 2638-42 line, and the lower support is focused on the vicinity of 2586-92. Counterattacks during the day rely on this position to continue the main high-level short-selling strategy and follow the trend to fall back. The daily level is under pressure below this position and will continue to maintain The main strategy is to maintain the rhythm of the short-selling strategy after rebounding from high levels, and to supplement the operation strategy by buying long against the trend. Buy long against the trend and take short positions, and strictly set a stop loss.
Golden operating strategy:
1. If gold rebounds, sell short at 2638-2642, stop loss at 2651, and target 2588-2593;
2. If gold returns to the 2586-2593 line, buy long, with a stop loss of 2575 and a target of 2630-35;
Trade closed: target reached
For next week, the layout will still be mainly shorting at high levels. First of all, the first pressure level of 2638-42 will be the main reference pressure level. Gold can continue to short when it reaches 2638-42. The short-term pressure level of 2632 is our final defense level. As long as gold does not break through the 2642 line, it will remain weak. The closer the price is to 2638-42, the more favorable it is for us to short! From the daily and hourly lines, the shorts are pressing step by step, and there is still room for shorts.
From the 4-hour analysis, the upper resistance is focused on the 2638-42 line, and the lower support is focused on the vicinity of 2586-92. Counterattacks during the day rely on this position to continue the main high-level short-selling strategy and follow the trend to fall back. The daily level is under pressure below this position and will continue to maintain The main strategy is to maintain the rhythm of the short-selling strategy after rebounding from high levels, and to supplement the operation strategy by buying long against the trend. Buy long against the trend and take short positions, and strictly set a stop loss.
Golden operating strategy:
1. If gold rebounds, sell short at 2638-2642, stop loss at 2651, and target 2588-2593;
2. If gold returns to the 2586-2593 line, buy long, with a stop loss of 2575 and a target of 2630-35;
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