GOLD short-term analysis, continue to fluctuate and consolidateTechnically, the gold daily chart rose slightly yesterday, and the price closed within the range of MA10-7-day moving average. The Bollinger Bands of the 1-hour chart and the 4-hour chart have narrowed, and the price is now adjusted near the middle track of the Bollinger Band!
The upper track of the four-hour chart suppresses the 3038 line, the lower track supports the 3003 line, the MA10/7-day moving average is glued, and the RSI indicator is flat. It is expected that the gold price will continue to fluctuate in a wide range, and the trading idea is still to sell at a high level, and then consider buying at a low price.
Gold is currently temporarily maintaining a high-level shock repair in the daily trend. After continuous shocks in the 4-hour level trend, the technical pattern has begun to gradually repair and complete, the short-term moving average has begun to gradually turn around and diverge upward, and the K-line chart has begun to slowly stand on the short-term moving average support. In the short-term trend, bulls have an advantage, but the current price is temporarily under pressure around 3035.
The overall market is still volatile. The US market reached a high of 3036 and fell under pressure. This position is the 0.618 resistance of the decline and rebound. At the same time, it has risen three times. Note that buying needs to find the right position. Today, you can pay attention to the 3005/3008 support to go long. In the short term, the market is volatile, and both long and short positions have the opportunity to participate.
On the 1-hour chart of gold, the price has fallen back after touching the previous pressure zone. In the short-term trend, the technical pattern has also begun to weaken. It tends to have some adjustment space in the short term, but the adjustment strength is uncertain.
At present, the bottom divergence pattern is formed on the hourly chart, and the short-term moving average turns upward. It is expected that gold will still have a rebound demand in the short term. If the gold price stabilizes above $3010, the short-term target will be the $3035-3045 range, and further breakthroughs are expected to test $3050.
Key points:
First support: 3013, second support: 3005, third support: 2992
First resistance: 3032, second resistance: 3038, third resistance: 3046
Operation ideas:
Buy: 3005-3008, SL: 2996, TP: 3020-3030;
Sell: 3033-3035, SL: 3044, TP: 3015-3010;
