Today’s gold trend trading analysis
Today, gold hit the lowest level of 2626 and began to rebound. The 4-hour big positive line of gold took off directly. A big positive line directly swallowed up countless big negative line entities. This is the strength of the bulls. The big positive line directly lifted the roof. Above gold, we continue to pay attention to the 2655-2658 line, focusing on the 2665 line. If the upper position does not break, do not chase the long position at the high position and the short position at the low position, otherwise non-agricultural week trading will be more difficult.
From the 4-hour analysis, pay attention to the support of 2625-2630 below, and pay attention to the short-term suppression of 2655-2658 above, and focus on the high suppression of 2665 last Friday. The main tone of the cycle of selling high and buying low remains unchanged. Always be cautious in chasing orders and wait patiently for key points to enter the market.
Gold operation strategy:
1. Gold returns to the 2630-2635 line to go long, stop loss at 2623, and target the 2655-2658 line;
2. Go short on the rebound 2653-2658 line, cover the position on the rebound 2665 line, stop loss 2673, target the 2635-40 line, and look at the 2625-2630 line if the position is broken;
