2.26 Today's important gold price range: 2890-29302.26 Today's important gold price range: 2890-2930
Yesterday's gold market fell significantly, especially during the US trading session, showing a waterfall-like decline, from a high of 2953 to a low of 2888, a drop of $65, the largest single-day drop in recent months.
Technical analysis:
4-hour chart:
Resistance level: around 2936-2940, an important short-term resistance area.
Support level: 2910 mark, a key support level that needs to be paid attention to during the day.
Long-short watershed: 2900 mark, above which the market may continue to fluctuate widely.
Daily chart:
The gold daily level is still fluctuating widely, and the 2900 mark is the watershed between long and short strengths.
If the price can hold above 2900 points, the market may continue to fluctuate; if it falls below 2900 points, it may fall further.
Operation strategy:
Long strategy:
Entry point: 2908-2912.
Cover position: 2900.
Stop loss: 2894.
Target: 2935-2940. If it breaks, you can continue to hold.
Short strategy:
Entry point: 2936-2940.
Stop loss: 2946.
Target: 2910-2915.
Operation suggestion:
Follow orders carefully: In the middle position (such as 2920-2930), it is recommended to wait and see more and do less, and avoid blindly following orders.
Key point entry: Patiently wait for the price to approach the key support or resistance level before entering the market, and avoid frequent operations in the volatile market.
