When will gold's continued highs peak?Gold prices have risen strongly and are currently hovering around $3,120. Technical analysis of gold: There is no limit to the price of gold in a bull market. The current market has returned to the historical high of 3,128. Short-term short orders can earn 20+ profits, and the 3,100 integer mark can earn another 20+ profits. Long and short orders can directly reap double profits! For those who still want to operate, short orders can only be short-term! Long orders are the main theme! The shooting star pattern appears in the 4-hour chart of gold. If it cannot refresh the high point of 3,128, it is expected to fall back. If it breaks through 3,128, then the upper side will continue to focus on the vicinity of 3,138. I think the upper space is limited, and at least the monthly line should also have an upper shadow line. Therefore, it is better to look for opportunities to short gold! The 1-hour moving average of gold is still a long arrangement with a golden cross upward, but the 1-hour high of gold has fallen back, which has suppressed the gold bulls. Then the probability of gold starting to fluctuate at a high level is high. If gold does not break through the new high and rebounds, it will continue to be short. Long orders still need to wait patiently for the adjustment to end. On the whole, it is recommended to do more on pullbacks and short on rebounds in the short-term operation of gold. The short-term focus on the upper side is 3128-3130 resistance, and the short-term focus on the lower side is 3100-3097 support. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist single operation.
Gold operation strategy reference:
Gold pullback near 3100-3102, do more (buy up) in batches, two-tenths of the position, stop loss 3090, target near 3120-3128, break to see 3140;
