Gold is in the Bollinger Band range and fluctuates sideways for 4 hours. As the saying goes, it gets colder at high places. Since the bull market has been slow to reach new highs, gold opened low in the morning. There was a rebound and rise during the period, but the highest rebound to 2744 just barely filled the gap of the low opening. Then the short-term continued to fall, indicating that the bulls’ counterattack was weak. The current market will be dominated by the short side, and our operating strategy is the same. The idea will be mainly high-altitude tonight!
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.