gold trading strategy
Updated
Through the analysis of the 4-hour chart of gold, we know that the market first rose and then fell, and received strong support at the 120-day moving average support level below. When there was a decline in the early stage, it turned into an increase. It was pressure. After a wide range of intraday fluctuations, the volume was adjusted. The breakthrough pressure has now become support in turn. In the short term, the suppression of the annual line above is still relatively strong. After all, the moving average system has not yet formed a long arrangement. The MACD below is still running in the weak zone and cannot constitute a strong upward attack in the short term (except for emergencies). In the short term, it will continue to fluctuate within a narrow range of 1917-1935. In terms of operation, we will continue to think of high altitude, low and long. The specific suggestions are as follows:
Gold 1917 and 1911 are long respectively, the stop loss is 8 US dollars each, and the take profit is 15 US dollars each;
Gold 1933 and 1937 are short respectively, with stop loss of US$7 each and take profit of US$15 each.
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