Gold fluctuates at high levels and is ready to goIn the 4-hour chart, the mid-term bottom continuous positive pattern reflects the bullish strength, but the current price has not effectively stood above the middle track of the Bollinger Bands, so it is not in a very strong state. Based on this, there are still trading opportunities for falling back and going long today, and the support points below the small cycle level are at two key points of 3320 and 3310. If the gold price falls back to the above key support levels during the Asian and European trading sessions, you can follow the trend to arrange long orders, and the key to the market rhythm is still in the US trading session. If there is a unilateral surge in the US trading session on Friday, you can look at the extreme rising target; if there is a shock sweeping market during the US trading session, you don’t have to be obsessed with the gold price will definitely go out of the big rise space, and you need to flexibly adjust the trading target according to the actual market changes.
Overall, in terms of today's short-term gold operation ideas, it is recommended to use the rebound high-altitude as an auxiliary strategy and the retracement low-long as the main strategy. The short-term focus on the upper side is the 3327-3454 line resistance area, and the short-term focus on the lower side is the 3286-3360 line support area.
Operation strategy:
Gold is recommended to rebound to high altitudes as the main, and to fall back to low altitudes as the auxiliary. The short-term focus on the upper side is 3327-3454 line resistance, and the short-term focus on the lower side is 3286-3360 line support.
