The market fluctuated upward all the way on Friday, opening at 3295, hitting the lowest point of 3287 and bottoming out. So far, it has hit the highest point of 3334 and then fluctuated at 3330. The recent market fluctuations are relatively large, and they are completely within our expectations. Yesterday, on Thursday, we gave a short position at 3340-45, and the actual market was directly short at 3341, long at 3380-85, and long at 3390-93. The long position target is 3300-06. Judging from the current trend, gold may still have high points. It is only a matter of time before the 3334 line breaks through. From the perspective of the operation trend, we continue to focus on buying on pullbacks
From the 4-hour market analysis, the upper focus is on yesterday's high pressure of 3345, and the lower support is 3286-90. For the time being, we will rely on this range to maintain the main tone of low-long participation. In the middle position, we will watch more and do less and be cautious in chasing orders.
Gold rebounds to 3286-3295 line and goes long, stop loss 3277, target 3326-3330 line, break to 3340-45 line;
Gold rebounds to 3340-45 line but does not break, you can go short lightly, stop loss 3353, target 3300-3306 line, continue to hold if break
From the 4-hour market analysis, the upper focus is on yesterday's high pressure of 3345, and the lower support is 3286-90. For the time being, we will rely on this range to maintain the main tone of low-long participation. In the middle position, we will watch more and do less and be cautious in chasing orders.
Gold rebounds to 3286-3295 line and goes long, stop loss 3277, target 3326-3330 line, break to 3340-45 line;
Gold rebounds to 3340-45 line but does not break, you can go short lightly, stop loss 3353, target 3300-3306 line, continue to hold if break
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.