Gold fluctuates within a range, how to operate?On the disk, the price bottomed out and rebounded to 2652 on Monday, and broke the high to 2655 on Tuesday. Although new highs continue to be reached, the actual increase is not large. On the daily line, yesterday closed with a cross Yang, and closed at 2643 at the end of the day. The downward momentum of the cycle indicator has slowed down with the stabilization of the support of 2633, and there is room for rebound on the daily line. In terms of 4 hours, the gold price was under pressure from the high of 2655 overnight, and the lowest reached 2635. The real price did not break the short-term moving average support, and the other moving averages of each cycle maintained a short position arrangement. The short-term indicators also started to explore downward, so there is still a risk of a decline in the 4-hour aspect. In short, while the new high is refreshed, it will also be the beginning of the layout of short orders.
In terms of intraday operation, it is recommended to focus on high altitude and supplement by low and long positions. For the lower support, pay attention to the 2633 area, which is the short-term 10-day moving average of the daily line. You can try to participate in long orders. If it is broken by the bears, pay attention to the 4-hour Bollinger Band lower track 2620. As for the upper resistance, pay attention to the 2666 area and participate in short orders, and focus on the 2675-2680 area, and start to arrange short orders.
