Since the opening gap at 3275, gold rebounded to 3292 and then started to fall. So far, gold has hit 3216 and then fluctuated upward. The bulls are temporarily suppressed. We still focus on rebounding and shorting. After all, the general trend is bearish. The upper 32775-3281 is the main short-term suppression level. If the rebound does not break, you can continue to short. The short position may continue to reach a new low. Pay attention to the support of 3200.
Judging from the current gold trend, the support at 3206-3215 is the focus below, and the short-term resistance at 3275-81 is the focus above. The strong resistance is near 3290-3300. This position is also the watershed between long and short positions. Before the daily level breaks through and stands on this position, the main short rhythm of the pullback will continue to remain unchanged.
Gold operation strategy:
1. Short gold at 3275-83 when it rebounds, short at 3290-95 when it rebounds, stop loss at 3303, target at 3206-3215, continue to hold if it breaks
Judging from the current gold trend, the support at 3206-3215 is the focus below, and the short-term resistance at 3275-81 is the focus above. The strong resistance is near 3290-3300. This position is also the watershed between long and short positions. Before the daily level breaks through and stands on this position, the main short rhythm of the pullback will continue to remain unchanged.
Gold operation strategy:
1. Short gold at 3275-83 when it rebounds, short at 3290-95 when it rebounds, stop loss at 3303, target at 3206-3215, continue to hold if it breaks
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Gold rebounds to 3275-83 line to short, rebound to 3290-95 line to cover short, stop loss 3303, target 3206-3215 line, continue to hold if it breaks, click the link to get accurate trading signals
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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.