Gold yin and yang replace long and short without continuationGold technical analysis: Gold's daily mid-yang line has recovered, regaining the lost ground from the previous day's decline in the mid-yin line, returning to the previous range and oscillating, with the lowest drop of 2880 not yet broken. The European and American markets recovered the losses. The weak downward trend of the US dollar still limits the short-term adjustment space of gold prices. It returned to the 2890 range and saw again. It is currently close to the upper track. The upper focus is on the 2930 high point. If this position is not broken, the fluctuation will continue. The daily line closes with a big positive line with a lower shadow line slightly longer than the upper shadow line. After the end of this form, gold is currently only looking at the oversold rebound trend. Today, gold will focus on the upper resistance at the $2920 line. The rebound will rely on the resistance here to go high. Below, look at the $2900 line mark. If it falls below, look at the $2890 line!
Today's gold short-term operation ideas suggest that rebounding should be the main focus, and callbacks should be supplemented by longs. The upper short-term focus is on the 2920-2922 first-line resistance, and the lower short-term focus is on the 2880-2890 first-line support.
Short order strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2915-2918, stop loss 8 points, target around 2900-2890, break to 2880;
Long order strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 2880-2883, stop loss 8 points, target around 2900-2910, break to 2920;
