Gold shocks and seesaws long and short game! How to tradeAt the 4-hour level, a small double bottom support is formed near 3000. Today, the market has continued to rise, and the K-line has re-stood above the short-term moving average. The short-term trend is strong. The middle track resistance has been broken. If it is stabilized again, the upper side will further see the pressure of the upper track. The lower 3013 will become the short-term long and short watershed. Whether the market will step back to confirm the continued rise or return to the bottom to continue to fluctuate, focus on the next closing situation. In short-term operations, high-altitude and low-multiple layout.
For today's short-term operation strategy for gold, it is recommended to do more on pullbacks and short on rebounds. The short-term focus on the upper side is the 3036-3038 line of resistance, and the short-term focus on the lower side is the 3010-3015 line of support.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3036-3038, stop loss at 3055, target around 3025-3020, and look at 3015 if it breaks;
Long position strategy:
Strategy 2: Long 20% โโof the gold position in batches when it pulls back to around 3013-3015, stop loss at 8 points, target around 3025-3030, and look at 3038 if it breaks;
