Do more directly around 1910 gold
Last Friday, as we expected, the market bottomed out and rebounded, while the closing price in late trading was at 1914. The daily chart closed with a shadow line of $10, indicating that the support below is very strong. The weekly line formed a bullish engulfing pattern, which continued to be bullish this week.
In terms of short-term, from early trading to now, gold has fluctuated sideways from 1913 to 1917. Below we focus on two positions, one is the 1911 support, which is the position of the 5-day moving average; the other is the 1900 integer mark. No matter how the market pulls back, once it stands below 1900 again, the bulls should be careful.
Suggested operation: around 1900-1906, around 1910-1912, you can do more directly
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