After gold fell below 3202 in the US market, it rebounded to 3198 at its highest. This rebound was just an oversold rebound, and then continued to fall back. Although it has not refreshed the low point for the time being, the pattern has weakened and it is difficult to rise again in the evening. Weak shorts can hardly get past 3198. The short-term support below is 3150-3140. Gold continues to cross downward shorts in 1 hour. The short strength is still there. The rebound continues to give shorts opportunities. There is no obvious sustained upward momentum in the short term. Then such a market is just a rebound. Gold rebounds in the US market and continues to be short. On the whole, the short-term operation strategy for gold today is recommended to be short on rebounds and long on pullbacks. The short-term focus on the resistance line of 3202-3205 is on the upper side.
Gold operation strategy reference:
Strategy 1: Short gold near 3195-3205, target near 3180-3170.
Strategy 2: Long gold near 3160-3150, target near 3170-3190.
Gold operation strategy reference:
Strategy 1: Short gold near 3195-3205, target near 3180-3170.
Strategy 2: Long gold near 3160-3150, target near 3170-3190.
Trade active
It can be said that the gold market was mainly range-bound during the day on Wednesday. After the U.S. market in the evening, gold began to fall unilaterally, reaching a low of 3173. The current rebound of gold is not strong. We will focus on the suppression of 3202-3205 on the top and the support of 3150-3140 on the bottom. The general trend is still mainly rebound and short selling. We will continue to enter short orders in the rebound and be a steady trader. We have had a perfect harvest recently, and friends who follow my trading strategy have also reaped good rewards.
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.