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9.16 Gold Short-term Operation GuideOn Friday, gold rose directly along the 2556 line in the early trading, rose to the 73 line in the European trading, and then fell back. In the evening, it rose again to the 80 line and then fell back. It hit a high of 86 in the late trading and then fell back slightly. Finally, the daily chart closed at 2579 with a big positive line. Looking back at Friday, the price basically went up in a step-by-step manner. There were corresponding adjustments at each suppression point, but the overall trend was still dominated by bulls. The cyclical double positive continued in terms of form. From the current market, the trend remains unchanged, but the market does not only rise but not fall. If we look at the symmetrical cycle of the form, today's expected rise and fall will close in the negative. However, the market broke through the big positive line last week, and it is not realistic to directly reverse the trend in the short term. The previous platform consolidation has become an important support for the re-upward movement. The daily chart reaches the upper acceleration line suppression area, followed by the oblique pressure of 2597. After the four-hour shock to the breakthrough of the upper line and the acceleration line, the short-term indicators have been seriously overbought, so today I am optimistic about the rise and fall, and the lower 30-minute lower line on Friday formed support for the upward movement. Today, the key support is here on the hourly chart lower line, followed by the four-hour upper line, so today's operation is long first and then short. Short term operations: BUY 2567, loss 2561, target 2582-92-97. SELL2597, loss 2603, target 2573-67-62-55
TVC:GOLD
by David_strategy
1
Historical high for pullback target 2500Historical high for pullback target 2500 Fundamental Analysis of XAU/USD US Federal Reserve Monetary Policy: Interest Rates: Higher US rates make the dollar stronger and reduce the attractiveness of gold, as the precious metal does not pay interest. Lower rates, on the contrary, weaken the dollar and increase demand for gold. Inflation: Gold is often used as a hedge against inflation. Rising US inflation could push gold prices higher. Economic and Geopolitical Risks: Gold has traditionally been a safe haven asset, which is in demand during times of economic uncertainty or geopolitical crises. Examples include global financial crises, military conflicts, and tensions between countries. US Dollar Rate: Since gold is quoted in dollars, the movement of the USD rate directly affects the price of gold. A weak dollar makes gold cheaper for foreign investors, which increases its demand. Gold Demand: Physical Demand: Industrial demand, jewelry demand, and investment demand (through gold ETFs) are also important for gold price dynamics. Central Bank Stocks: When central banks buy or sell gold, it can have a significant impact on its price. XAU/USD Technical Analysis Technical analysis uses price charts and indicators. Some popular methods of analysis include: Trend Lines: Analyze the long-term trend (upward, downward, or sideways). If the trend is up, gold may continue to rise unless there are signs of a reversal. Support and Resistance Levels: Identify key levels where the price has bounced or held off previously. These levels can be used to decide when to enter or exit a position. Indicators: Moving Averages: Used to analyze the general direction of a trend. A crossover of a short moving average with a long moving average from top to bottom may indicate the beginning of a downtrend, and vice versa. RSI (Relative Strength Index) indicator: Shows whether an asset is overbought or oversold. Values ​​above 70 indicate overbought, below 30 indicate oversold. MACD (Moving Average Convergence Divergence): Helps to assess changes in the strength and direction of a trend. Candlestick patterns: Some candlestick combinations, such as Hammer, Engulfing, or Doji, can signal a price reversal or continuation of the current trend.
FXOPEN:XAUUSDShort
by seventhlab
9.16 Gold Short-term Analysis GuideLast Friday, an article from the "Federal Reserve's mouthpiece" once again fueled speculation that the Fed might cut interest rates by 50 basis points at this week's policy meeting. The dollar index continued to fall and once lost the 101 mark, but recovered some of its losses during the U.S. trading session and finally closed down 0.13% at 101.10. U.S. Treasury yields fell slightly, with the benchmark 10-year Treasury yield closing at 3.657%; the two-year Treasury yield, which is more sensitive to monetary policy, finally closed at 3.595%. The Dow Jones Industrial Average closed up 0.72%, the S&P 500 closed up 0.54%, and the Nasdaq closed up 0.65%. Trump Media closed up 7.62%. Today's focus: The eurozone will release the seasonally adjusted trade account for July; The United States will release the New York Fed Manufacturing Index for September; ☆ Closed reminder: Today, the Tokyo Stock Exchange, Seoul Stock Exchange, Shanghai, Shenzhen and Beijing Stock Exchange The market's expectations for the Fed's upcoming interest rate cut continue to heat up. , the market currently expects the Fed to cut interest rates by 50 basis points at the September 18 meeting to reach 43%, while the probability of a 25 basis point cut is 57%. This is the first possible rate cut by the Fed since 2020. The driving effect of the expectation of rate cuts on gold prices is obvious. The lower interest rate environment reduces the holding cost of gold and increases its attractiveness as a non-yielding asset. Before the Fed meeting, gold prices usually show a trend of fluctuating higher. However, after the rate cut, gold prices may experience adjustments. Therefore, investors need to be vigilant about possible market reactions. Monetary policy changes by major central banks around the world have an important impact on the gold market. The ECB's rate cut decision last Thursday reduced the opportunity cost of holding gold and further strengthened market expectations for loose policies. At the same time, U.S. inflation data has stabilized, providing the Fed with more room to consider rate cuts. With the easing policies of the Federal Reserve and the European Central Bank, the bullish sentiment in the gold market has significantly increased. In addition, the depreciation of the U.S. dollar against the yen has further increased market interest in gold. The strong performance of the gold market was also driven by fund inflows. Data shows that the holdings of SPDR Gold Trust, the world's largest gold-backed ETF, have reached their highest level since January this year. The World Gold Council (WGC) reported that global physical gold ETFs attracted inflows for the fourth consecutive month in August, which further supported the rise in gold prices. In addition, geopolitical risks are also an important factor in the rise in gold prices. Geopolitical tensions in major economies around the world have increased market uncertainty and further boosted demand for gold as a safe-haven asset. These factors, including the Russian-Ukrainian conflict and tensions in the Middle East, have prompted investors to put their money into gold to avoid potential risks.
TVC:GOLDLong
by David_strategy
1
The historic high in the value of gold. Where to next? The historic high in the value of gold. Where to next? At the moment, the situation on the XAUUSD (gold vs. US dollar) market is showing interesting and volatile movements. In recent weeks, we have seen price fluctuations due to a number of factors such as changes in the monetary policy of the US Federal Reserve, global economic instability and increased interest in safe assets amid geopolitical risks. Gold prices often react to news about inflation and interest rates. When expectations of rising interest rates increase, this can put pressure on gold prices as precious metals do not generate interest income. However, when uncertainty in the economy or risks increase, investors seek safe haven assets such as gold, which usually drives prices higher.
CAPITALCOM:GOLDShort
by seventhlab
9.14 Gold Short-term Analysis StrategyThe daily and 4-hour lines closed with big positives, overlooking the 2530 line that was tested many times in the early stage. Therefore, only by following the trend under the bullish trend can there be greater profit space. The price relies on the MA moving average to go up, and the trend is very clear that the bulls have an advantage. On the one hand, it is a bullish trend. On the other hand, whether it is the hourly line or the 4-hour line, the strength of the retracement and the coordination of time after continuous pull-up, the gold price retreated to around 2545 in the early morning, and then the hourly line continued to attack the 2560 line. In other words, it is still constantly refreshing the historical high in the early morning, and there is no room for correction. The shape is relatively strong. There is no room for even retracement, which shows that the bulls are full of momentum, and there is still room for continued rise today. Today's operation plan: In the bullish pattern, what position should be used to plan for long positions? The market with oscillating components uses the low point of the retracement correction as support to rebound again. Today's ideas are similar to those of yesterday, and need to be combined with time. The lower support is near 2549, which is the upper track of the previous upward channel. After breaking through, it is bullish. The upper resistance is near 2580,2588.
TVC:GOLD
by David_strategy
9.13 Gold Short-term AnalysisGold prices rose more than 1% on Thursday, hitting a record high of $2,559.98 per ounce and closing at $2,558.54 per ounce, driven by expectations of a rate cut by the Federal Reserve next week, after data showed a slowdown in the U.S. economy. In addition, the European Central Bank's rate cut also reduces the opportunity cost of holding gold, and geopolitical concerns continue to provide safe-haven buying support for gold prices. Considering the possibility of profit-taking on Friday, we will patiently pay attention to the strength of profit-taking in gold today. Market expectations have increased that the Federal Reserve will cut interest rates by 25 basis points at its September 17-18 meeting. The probability of a 25 basis point cut is 73%, and the probability of a 50 basis point cut is 27%. This expectation has driven gold's rise because the low interest rate environment makes gold more attractive as a non-yielding asset. The European Central Bank announced another rate cut on Thursday, lowering the deposit rate to 3.50%. This decision is closely related to the background of weak economic growth and slowing inflation in the eurozone. The ECB's rate cut reduces the opportunity cost of holding gold, further enhancing its attractiveness. In addition to economic data, geopolitical tensions also have an important impact on gold prices. Russian President Vladimir Putin said on Wednesday that Moscow may restrict exports of uranium, titanium and nickel in retaliation against Western countries. The statement has raised market concerns about the global supply chain, further boosting safe-haven demand for gold.
TVC:GOLD
by David_strategy
1
Gold Market Analysis NFP weekGold Market Prediction point of view: The gold market recently closed both its monthly and weekly candles, showing strong bullish momentum. On a monthly timeframe, gold remains bullish, especially if it stays above the 2400-2500 level. The key question now is when the market will correct this move. A retracement is expected, which typically happens gradually. On a weekly timeframe, the market structure remains bullish. However, there is an imbalance between the 2350 and 2465 levels, suggesting that prices could move downward slightly to fill this gap before continuing upward. On a daily timeframe, gold has broken through its previous resistance levels, filling its daily imbalance at 2470. Key levels to watch are 2475-2485 for further bullish movement, with potential downside targets around 2415 if a correction occurs. On a 4-hour timeframe, the market is currently moving sideways, and key levels to monitor are around 2530 for potential breakouts or retracements. The price could test higher levels like 2550-2560 if it breaks 2530, but if it fails, it might retrace to lower levels. Fundamental factors: Upcoming data releases, such as ISM Manufacturing PMI, ADP employment, and NFP, could significantly influence market movements. Gold important levels and areas are marked on chart so trade accordingly dont be trapped. In summary, the gold market is currently in a strong bullish trend, but careful attention should be paid to key levels and upcoming economic data that could impact its movement.
OANDA:XAUUSD
by mrshafaq
9.13Technical Analysis of Gold Short-term OperationsLast night, inflation data fell beyond expectations, while the core inflation monthly rate rebounded slightly to 0.3%. Gold plummeted to around $2,500 after the $2,529 data in the Asia-Europe session. This week's market, as long as you follow it after seeing it, you will basically be slapped in the face. On Monday, I saw the decline from $2,500 to $2,485 before I rebounded and went short. Then on Tuesday, I saw the decline from 2,507 to 2,500 in the early trading and rebounded and went short. On Wednesday, I saw the Asia-Europe session continue to rise to $2,529 and started to sing a new high. All of these were "counter-killed". Yesterday, I clearly said that we must prevent fake falls and the sudden counterattack of shorts. Not only will the August CPI be announced, but the price will be close to $2,530. There is no need to do any callback here. Unless it is a rapid plunge, the cost performance is too poor. From the non-agricultural data to now, both long and short positions have been accurately stepped on, without exception. The non-agricultural data clearly stated that no matter whether the data is good or bad, the rise is an illusion, and the fall is the purpose. On Monday, the market opened directly at 2500 US dollars and shorted. After the decline, it stopped chasing shorts. After the decline, it fell to 2485 US dollars and rebounded to break through 2500. It decisively went long at 2500-01 and left the market at 2515. On Wednesday, the price was near 2505 and emphasized that it was also 2520 to go long at 2500 first. Yesterday, it was directly short at 2523, without considering chasing long near the historical high, and arranged long after the plunge. Today, I think a large number of people have begun to stand on the side of the shorts, which is just the opposite of yesterday. The plunge in gold prices from 2530 to 2500 after the CPI data and the current rebound are in line with the logic of shorts. However, I think if it is a continuation of the short position, there will not be such a large rebound. The continuous rebound of 2500, the higher the price seems to be, the greater the probability of digging a pit, especially the rebound from 2510 in the morning as support. Unless it returns to below this position, I will not short today. Soon, gold will go unilaterally. It has closed the cross K line for three consecutive weeks. The daily BOLL closed at a high level. Now it is waiting for a suitable opportunity to directly break the range, and I am optimistic about the upward breakthrough. The bulls will soon challenge $2,600 this time. At present, the gold price is constantly rising from the lows of $2472, $2485, and $2500. The first rebound target is $2522-23, followed by $2528-30, and then $2538-40. The recent market should be prepared to get on the bus and wait for the market to start at any time. Today, gold uses $2,500 as the dividing point and $2,510 as the support area. Go long after the pullback, that is, change from yesterday's short thinking to low long. The rebound after the plunge is too big. This rebound is often not an opportunity to go short, but a slow rise to force shorts.
TVC:GOLD
by David_strategy
1
9.12 Technical Analysis of Gold Short-term OperationsIn the 4-hour period, the stochastic indicator is a dead cross downward, which is a bearish signal; however, the BOLL interval is obvious, forming an interval that has never been broken; in addition, the support bands of 2500-2490-2480-2470 have not all fallen through; 2: In the daily K, the stochastic indicator is in a state of blunt top divergence; bearish signal; the indicator is in a state of bluntness at a high level, waiting for stimulation; in terms of form, the market is resistant to falling, sideways, and since the high break, it is the second wave of rising break; it is expected that there will be a third wave of BOLL upward break upward trend later; Comprehensive Get up: In terms of thinking, priority is given to the trend thinking; in terms of support, the middle axis support position is near 2495, the lower axis track support is near 2445; the transition support position is near 2470; sideways support, then consider sideways; sideways support position is near 2508 and 2490 in the small range; War risk aversion is still continuing; therefore, short positions cannot be arranged at present; in terms of form, 2530 is not the peak high point of the form, so it is not recommended to arrange; breakout is handled according to the breakout of 2530/32 Today's focus: the number of initial jobless claims in the United States as of the week of September 7 (10,000 people)
TVC:GOLDLong
by David_strategy
2
Gold, what is next, up or down, does anyone know?)After my last post on GOLD the price nearly hit my target at the all-time high (ATH), but now we're in a tricky situation: 1. We’ve got equal lows (EQL) and equal highs (EQH) forming on GOLD. 2. The price grabbed liquidity from the previous week's high (PWH), then nuked and closed below both the daily open and weekly open (WO) levels. 3. On the lower timeframes (5-15m), we've got market structure shifts (MS) and break of structure (BOS). Given all these factors, I see three possible scenarios—two bearish and one bullish—all depending on how Monday and Tuesday’s price action (PA) plays out: 1. **Most likely**: A pump to the 15m order block (OB) in the golden pocket before moving downward toward the EQL. 2. **Bearish scenario**: The price drops from the market open straight down to EQL without testing any higher zones. 3. **Bullish scenario**: The price surges higher, closes above the 15m OB, and continues pushing toward the ATH. Once either EQL or EQH is hit, we’ll need to watch for a reaction. Follow me if you don’t want to miss more insights like this!
CAPITALCOM:GOLDShort
by Almenio
2
Analysis of 9.12 Gold Short-term Operation StrategySpot gold is currently trading around $25,118.46/oz, with a narrow range of fluctuations on Thursday (September 12). Gold prices rose and fell on Wednesday, supported by safe-haven buying. Gold prices rose to around $2,529 earlier in the session on Wednesday, approaching historical highs, but after the U.S. CPI data, gold prices gave up gains and fell to around the 2,500 mark, closing at $2,511.33/oz, as U.S. inflation data prompted investors to scale back expectations for the Fed's super-large rate cut next week, and the U.S. dollar and Treasury yields strengthened. First: Data, wash; before large data, gold prices have no external stimulation and it is difficult to form range fluctuations; what is large data, such as the mid-month interest rate meeting, such as the U.S. election in October, such as the Middle East war, the risk aversion of the Russian-Ukrainian war; therefore, these small data, like "ants shaking a big tree", are difficult to change the trend of the market; but they will form a wash trend; Second: On the market, the overall market is consolidating in the large range of 2470-2530; and it is controlled by bulls; this is the core; after several weeks of trend, the market is resistant to decline and it is difficult to form a sharp drop; without the emergence of strong negative fundamentals, it is not enough to change this high-range consolidation and high-range resistance to decline trend; In terms of data, small data are mainly for washing; on the market, it is high-range consolidation and high-range oscillation; understand this, at least it will not be very wrong; grasp the market trend, it will be relatively easy to do Detailed intraday operation strategy: Gold rebounds to 2522 short, defend 2530, target 2510-2500 Gold falls back to 2480 to go long, defend 2472, target 2490-2500
TVC:GOLD
by David_strategy
9.12 Gold Short-term AnalysisGold has been going up and down, but it still hasn't broken through the historical high. Gold is under pressure from the historical high resistance, so short at high, if it breaks through, follow up and go long, gold rebounds first under pressure Gold's 4-hour moving average is still dead cross short arrangement, gold's 4-hour high point long structure, gold rebound high pressure historical high resistance, so continue to short, gold rebounded 2525 in the morning, continue to short, if it breaks through the new high, follow up and go long, the market is looking at the present, the market is also looking at what kind of operation is corresponding, gold has not broken through the new high in one fell swoop, the high point is reasonable, so it is reasonable to continue to short at high Today's focus: The main refinancing interest of the European Central Bank in the euro zone to September 12 The number of initial jobless claims in the United States for the week ending September 7 The annual rate of the US PPI in August The monthly rate of the US PPI in August
TVC:GOLDShort
by David_strategy
1
A sharp reaction to the news A sharp reaction to the news The XAU/USD market is driven by several macroeconomic factors, including interest rates, inflation expectations, geopolitical tensions, and overall risk sentiment in global financial markets. To understand how the price of XAU/USD might behave in the near term, let's examine the key factors at play: 1. Current Market Environment: Global Inflation: Persistently high inflation typically supports gold prices as gold is considered a hedge against inflation. If inflation remains elevated, investors might continue to seek gold as a store of value. US Dollar Strength: Gold prices are inversely related to the US dollar. A strong dollar can push gold prices lower as gold becomes more expensive for buyers in other currencies. Conversely, if the dollar weakens, gold prices can rise. Interest Rates: Central bank policies, particularly the US Federal Reserve's stance on interest rates, play a significant role. Higher interest rates increase the opportunity cost of holding gold (which doesn’t pay interest), potentially leading to lower demand. On the other hand, a dovish stance or rate cuts support gold prices.
FXOPEN:XAUUSDShort
by seventhlab
Analysis of 9.11 Gold Short-term Operation StrategyGold fell as expected and we entered the market to short sell 4 times, earning a total of 24,000U When gold rebounded, we insisted that the high position would not break the historical high, so we would short sell. Gold was directly shorted at 2523, and the gold article also directly publicly suggested shorting at 2525. Gold fell sharply as expected and continued to build a top structure at a high level. It continued to short sell when it rebounded. Gold did not break through the new high many times in 4 hours, and there were multiple top structures at high levels. It can be seen that gold has heavy resistance at high levels and may fall back under pressure at any time. Gold rebounded in the US market and continued to short sell. Going against the trend, if you don’t advance, you will retreat. Gold has risen and fallen many times, and there is nothing special. It should be difficult for gold to directly set a new high in a short time. Gold rebounds and short sells. US trading operation ideas: Gold 2515 short, stop loss 2525, target 2505--2500
TVC:GOLDShort
by David_strategy
2
Are you ready to short gold?Gold rose to 2520 as expected, even higher than I expected, and once reached around 2529. However, the highlight of the gold market today is the CPI data. To be honest, for the current gold market, I don't recommend chasing gold any further. Even if gold rises to the 2530-2535 area, I don't recommend chasing gold any further. Because the market expects the Fed to cut interest rates this month, but there are still differences on whether to cut interest rates by 25 basis points or 50 basis points. Once the market expects a 25 basis point cut, gold will continue to fall; even if the market expects the Fed to cut interest rates by 50 basis points, I think it will be difficult for gold to rise sharply based on CPI data alone, because if gold rises sharply based on a single CPI data, it will compress the room for growth of the interest rate decision on September 19, so even if the CPI data is bullish for gold, the room for gold to rise will be compressed, and gold is likely to rise first and then fall. So in terms of trading, I don't recommend chasing gold for the time being. On the contrary, if gold approaches the 2530-2535 area, I think you can start to short gold boldly! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Analysis of 9.11 Gold Short-term Operation StrategyOn Tuesday, the US dollar index fluctuated above the 101 mark and finally closed up 0.03% at 101.67. US Treasury yields continued to fall, with the benchmark 10-year Treasury yield closing at 3.650%; the two-year Treasury yield, which is more sensitive to monetary policy, finally closed at 3.607%. The Dow Jones Industrial Average closed down 0.23%, the S&P 500 rose 0.45%, and the Nasdaq rose 0.84%. Major European stock indices closed down across the board, with the German DAX30 index closing down 0.96%; the British FTSE 100 index closed down 0.78%; and the European Stoxx 50 index closed down 0.66%. Risk Warning on Wednesday ☆At 14:00, the UK will release the monthly GDP rate for the three months of July, the monthly rate of manufacturing output in July, the seasonally adjusted commodity trade account in July, and the monthly rate of industrial output in July; ☆At 20:30 Beijing time, the United States will release the August CPI data. The market expects its annual rate to fall from the previous value of 2.9% to 2.6%, and the monthly rate will remain unchanged at 0.2%; in terms of core CPI, the market expects the annual rate to be 3.2% and the monthly rate to be 0.2%, both consistent with the previous value; ☆At 22:30, the United States will release the EIA crude oil inventory for the week ending September 6, and the market expects an increase of 764,000 barrels of crude oil; ☆At 1:00 the next day, the United States will hold a 10-year Treasury auction until September 11. The US CPI in August will rise by 0.2% month-on-month and 2.6% year-on-year, lower than 2.9% in July. If confirmed, this data is likely to strengthen market expectations that the Fed will cut interest rates by 25 basis points at its September 17-18 meeting. The probability of a 25 basis point rate cut by the Fed at next week's meeting is 67%, and the probability of a 50 basis point rate cut is 33%. Although market expectations for rate cuts are divided, overall, investors generally believe that the Fed will make at least one super-large rate cut this year. Traders in the U.S. interest rate options market are still betting that the Fed will make at least one super-large rate cut this year, although it may not be before the presidential election on November 5. Recent options activity related to the secured overnight financing rate shows that traders are increasingly positioning for a 150 basis point rate cut by the Fed before the January 29 policy decision. Geopolitical factors have also had an important impact on the gold market. Recently, Ukraine launched drone attacks on several regions of Russia, and the Russian Federal Investigative Committee has initiated a criminal case. The escalation of this situation may lead to increased market concerns about the global economy, thereby driving demand for safe-haven assets such as gold. In addition, tensions between Israel and Hamas continue to develop. Israel proposed that Hamas leader Yahya Sinwar leave Gaza safely in exchange for the organization releasing hostages. This change in the situation may have an impact on the stability of the Middle East, thereby causing fluctuations in global market sentiment. Gold prices continued to rise on Tuesday, rising for two consecutive trading days. Currently, U.S. Treasury yields continue to weaken, hitting a 15-month low, providing momentum for gold prices to rise; the geopolitical situation remains tense, which also attracts safe-haven buying to support gold prices. Today's short-term focus is on the support area of ​​the 1-hour rising trend line below, and go long on gold after the correction stabilizes. At the same time, investors need to pay close attention to the impact of the upcoming CPI data on the trend of gold.
TVC:GOLD
by David_strategy
Analysis of 9.11 Gold Short-term Operation StrategyCPI is coming, gold will break today In the early Asian session on Wednesday (September 11), spot gold fluctuated in a narrow range and is currently trading around $2517.96/ounce, maintaining overnight gains. Gold prices continued to rise on Tuesday, closing at $2516.53/ounce, up about 0.42%, rising for two consecutive trading days. U.S. Treasury yields continued to weaken, hitting a 15-month low, providing momentum for gold prices to rise; the geopolitical situation remains tense, which also attracts safe-haven buying to support gold prices. At present, market participants are preparing for the release of U.S. inflation data to find further clues to the extent of the Fed's interest rate cut next week. Gold is still within the range we talked about yesterday. Short-term indicators are basically flat. In the short term, there is still no significant change. It is expected that the evening CPI data will be needed to break the range. The current range has been compressed to run in the small range of 2500-2520, and the space is getting smaller and smaller. In fact, the smaller the space fluctuation, the closer the time to open the situation later. From the 4-hour chart, the gold price is in a high-level box oscillation. I prefer a downward breakthrough in the general direction. At present, gold has reached the top of the mountain. Going long is equivalent to chasing at the top of the mountain. The profit and risk are not proportional. Focus on the support position of 2500-2498 during the day. Yesterday, the lowest retracement reached 2499, so this can be used as the dividing point for today. Detailed intraday operation strategy: Short gold rebounds at 2525, defend at 2533, target 2515-2500 Go long gold at 2480, defend at 2472, target 2490-2500
TVC:GOLD
by David_strategy