Gold Analysis Strategy Signals
Updated
The 4-hour chart is in the Bollinger Bands and is trading sideways. As the saying goes, it is cold at high places. Since the bull market has not reached a new high, the gold price opened low in the morning. There was a rebound and pull-up during the period, but the highest rebound to 2744 was just barely filling the gap of the low opening. Then the short-term continued to fall, indicating that the bulls were unable to counterattack. The current market will be dominated by the short side, and our operation strategy is the same. The idea will be mainly high-altitude in the evening! At present, gold is blocked at the 2744 line, and a downward trend is formed in the hourly chart. Be alert to the risk of air raids! ! ! In addition, the early trading gap opened low, and the weekly chart may be in the form of "downpour"! ! ! On the whole, today's short-term operation strategy for gold is to short on rebounds and to buy on pullbacks. The short-term focus on the upper side is the 2743-2744 resistance line, and the short-term focus on the lower side is the 2717-2715 support line.
Gold rebounds around 2740-2742 and sells short (buys down) in batches with 20% of the position, stop loss 6 points, target around 2730-2720, break to see 2715
Gold pulls back to around 2715-2717 and sells long (buys up) in batches with 20% of the position, stop loss 6 points, target around 2725-2735, break to see 2740
Gold rebounds around 2740-2742 and sells short (buys down) in batches with 20% of the position, stop loss 6 points, target around 2730-2720, break to see 2715
Gold pulls back to around 2715-2717 and sells long (buys up) in batches with 20% of the position, stop loss 6 points, target around 2725-2735, break to see 2740
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